Revistas Académicas WoS

Credit rationing or entrepreneurial risk aversion? A comment

Cressy (2000) argues that the positive correlation between assets and the rate of business startups is due to DARA preferences. We show however that the required property is prudence, and prudence is consistent with DARA, IARA or CARA.



Economic Letters, Vol. 120, No. 2, pp. 329 - 331, Agosto, 2013
Autor(es): Bonilla Claudio, Vergara Marcos