DOES IDIOSYNCRATIC BUSINESS RISK MATTER FOR GROWTH?

Several imperfections can prevent entrepreneurs from diversifying away the idiosyncratic risk of their business. As a result idiosyncratic risk discourages entrepreneurial activity and hinders growth, with the effects being stronger in economies with lower risk diversification opportunities. In acco...

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Veröffentlicht in:	Journal of the European Economic Association 2013-04, Vol.11 (2), p.343-368
Hauptverfasser:	Michelacci, Claudio, Schivardi, Fabiano
Format:	Artikel
Sprache:	eng
Schlagworte:	Business growth Diversification Economic growth Economic theory Entrepreneurs Entrepreneurship Industrialized nations OECD Organizational structure Political risk Risk theory Small and medium sized enterprises Studies U.S.A
Online-Zugang:	Volltext
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