Credit rationing or entrepreneurial risk aversion? A comment
Credit rationing.pdf (386.6Kb)Abstract
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.
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Artículo de publicación ISI
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URI: https://repositorio.uchile.cl/handle/2250/128619
DOI: doi: 10.1016/j.econlet.2013.05.008
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Economics Letters 120 (2013) 329–331
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