Artículo de revista
Credit rationing or entrepreneurial risk aversion? A comment
Fecha
2013Registro en:
Economics Letters 120 (2013) 329–331
doi: 10.1016/j.econlet.2013.05.008
Autor
Bonilla Meléndez, Claudio
Vergara, Marcos
Institución
Resumen
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.