haku: @author Campbell, C. / yhteensä: 3
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| Tekijä: | Campbell, C. |
| Otsikko: | An empirical test of a decision theory model for entrepreneurial acts |
| Lehti: | Entrepreneurship & Regional Development
1995 : APR-JUN, VOL. 7:2, p. 95-104 |
| Asiasana: | ENTREPRENEURSHIP ECONOMICS DEVELOPMENT |
| Kieli: | eng |
| Tiivistelmä: | A decision theory model is presented where the decision to start a firm is assumed to be a rational economic decision of a utility maximizer. The model is tested using data for business births in 82 Mississippi counties over the period 1979-1987. Results of the aggregated model are encouraging but suggest that the alternative to a risky venture is not riskless wage labour. Rather, wage labor also carries a risk which is important in determining whether to start a business. |
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