The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Risk Taking by Entrepreneurs
Open accessAbstract
Entrepreneurs bear substantial risk, but empirical evidence shows no sign of a positive premium. This paper develops a theory of endogenous entrepreneurial risk taking that explains why self-financed entrepreneurs may find it optimal to invest in risky projects offering no risk premium. Consistently with empirical evidence, the model predicts that poorer entrepreneurs are more likely to undertake risky projects. It also finds that incentives for risk taking are stronger when agents are impatient. (JEL G31, G32, L25, L26)
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Cites
Financing Constraints and Corporate Investment
Fazzari, S. M., Hubbard, R. G., Petersen, B. C., Blinder, A. S., & Poterba, J. M. (1988) · Brookings Papers on Economic Activity · doi:10.2307/2534426 · Cited by 5,574
On the Size Distribution of Business Firms
Lucas, R. E. (1978) · The Bell Journal of Economics · doi:10.2307/3003596 · Cited by 3,236
Monetary policy, business cycles, and the behavior of small manufacturing firms
Gertler, M., & Gilchrist, S. (1994) · The Quarterly Journal of Economics · doi:10.2307/2118465 · Cited by 2,547
Cited by
Underinvestment in a Profitable Technology: The Case of Seasonal Migration in Bangladesh
(2014) · Econometrica · doi:10.3982/ecta10489 · Cited by 710
Metadata
- Authors
- Vereshchagina, G., & Hopenhayn, H. A.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2009-12-01
- Volume
- 99
- Issue
- 5
- Pages
- 1808-1830
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W1976374830
- Cited by
- 239
- References
- 3
- FWCI
- 47.86
- Type
- journal article
- Language
- en
- Open access
- green
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- Vereshchagina, G., & Hopenhayn, H. A. (2009). Risk Taking by Entrepreneurs. American Economic Review. https://doi.org/10.1257/aer.99.5.1808
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
