Testing agency theory with entrepreneur effort and wealth

Text

Testing agency theory with entrepreneur effort and wealth

Bitler, Marianne P - ; Moskowitz, Tobias J - ; Jorgensen, Anette Vissing - ;

We develop a principal-agent model in a entrepreneurial setting and test the model's predictions using unique data on entrepreneurial effort and wealth in privately held firms. Accounting for unobserved firm heterogeneity using instrumental-variables techniques, we find that entrepreneurial ownership shares increase with outside wealth and decrease with firm risk ; effort increases with ownership ; and effort increases firm performance..Printed Journal

Ketersediaan

Call Number	Location	Available
	PSB lt.dasar - Pascasarjana	1

Penerbit	The American Finance Association.,
Edisi	-
Subjek	-
ISBN/ISSN	00221082
Klasifikasi	-
Deskripsi Fisik	-
Info Detail Spesifik	-
Other Version/Related	Tidak tersedia versi lain
Lampiran Berkas	Tidak Ada Data