Entrepreneurial Risk and Market Entry

References

• Aigner D., Lovell A. K., Schmidt P. Formulation and estimation of stochastic frontier production function models. J. Econometrics (1977) 6:21–37Crossref, Google Scholar
• Alicke M. D. Global self-evaluation as determined by the desirability and controllability of trait adjectives. J. Personality Soc. Psych. (1985) 49:1621–1630Crossref, Google Scholar
• Alicke M. D., Klotz M. L., Breitenbecher D. L., Yurak T. J., Vredenburg D. S. Personal contact, individuation and the better-than-average effect. J. Personality Soc. Psych. (1995) 68:804–825Crossref, Google Scholar
• Allison S. T., Messick D. M., Goethals G. R. On being better but not smarter than others: The Muhammad Ali effect. Soc. Cognition (1989) 7:275–296Crossref, Google Scholar
• Berger A. N., Humphrey D. B., Griliches Z. Measurement and efficiency issues in commercial banking. Output Measurement in the Service Sectors (1992) 56(University of Chicago Press, Chicago, IL) 245–279Google Scholar
• Berger A. N., Hancock D., Humphrey D. Bank efficiency derived from the profit function. J. Banking Finance (1993) 17(2, 3):317–347Crossref, Google Scholar
• Blau D. M. A time-series analysis of self-employment in the United States. J. Political Econom. (1987) 95(3):445–467Crossref, Google Scholar
• Brockhaus R. Risk-taking propensity of entrepreneurs. Acad. Management J. (1980) 23(3):509–520Crossref, Google Scholar
• Busenitz L. W. Entrepreneurial risk and strategic decision making: It’s a matter of perspective. J. Appl. Behav. Sci. (1999) 35(3):325–340Crossref, Google Scholar
• Camerer C., Lovallo D. Overconfidence and excess entry: An experimental approach. Amer. Econom. Rev. (1999) 89(1):306–318Crossref, Google Scholar
• Cameron A. C., Trivedi P. K.Regression Analysis of Count Data (1998) (Cambridge University Press, Cambridge, UK, and New York) Crossref, Google Scholar
• Cantillon R.Essay on the Nature of Commerce (1755) (Macmillan, London, UK) . Higgs translation, 1931Google Scholar
• Cebenoyan A., Papaioannou G., Travlos N. Foreign takeover activity in the United States and wealth effects for target firm shareholders. Financial Management (1992) 21(3):58–68Crossref, Google Scholar
• Cramer J. S., Hartog J., Jonker N., van Praag C. M. Low risk aversion encourages the choice for entrepreneurship: An empirical test of a truism. J. Econom. Behav. Organ. (2002) 48(1):29–36Crossref, Google Scholar
• Dunn T., Holtz-Eakin D. Financial capital, human capital, and the transition to self-employment: Evidence from intergenerational links. J. Labor Econom. (2000) 18:282–305Crossref, Google Scholar
• Evans D., Leighton L. Some empirical aspects of entrepreneurship. Amer. Econom. Rev. (1989) 79(3):519–535Google Scholar
• Federal Reserve Bank of AtlantaBanking Applications (2005) . Retrieved July 1, 2006, http://www.frbatlanta.org/baGoogle Scholar
• Goldberg L. G., White L. J. De novo banks and lending to small businesses. J. Banking Finance (1998) 22:851–867Crossref, Google Scholar
• Greene W. H.Econometrics Analysis (1997) 3rd ed.(Prentice-Hall, Upper Saddle River, NJ) Google Scholar
• Hamilton Barton H. Does entrepreneurship pay? An empirical analysis of the returns to self-employment. J. Political Econom. (2000) 108(3):604–631Crossref, Google Scholar
• Headd B. Redefining business success: Distinguishing between closure and failure. J. Small Bus. Econom. (2003) 21:51–61Crossref, Google Scholar
• Hermalin B., Wallace N. The determinants of efficiency and solvency in savings and loans. RAND J. Econom. (1994) 25(3):361–381Crossref, Google Scholar
• Jovanovic B. Selection and the evolution of industry. Econometrica (1982) 50(3):649–670Crossref, Google Scholar
• Kanbur S. M. On risk taking and the personal distribution of income. J. Political Econom. (1979) 87(4):760–797Google Scholar
• Kihlstrom R. E., Laffont J. J. A general equilibrium entrepreneurial theory of firm formation based on risk aversion. J. Political Econom. (1979) 87(4):719–748Crossref, Google Scholar
• Knight F. H.Risk, Uncertainty and Profit (1921) (Houghton Mifflin, New York) Google Scholar
• Knott A. M., Posen H. Is failure good? Strategic Management J. (2005) 26(7):617–641Crossref, Google Scholar
• Lippman S. A., Rumelt R. P. Uncertain imitability: An analysis of interfirm differences in efficiency under competition. Bell J. Econom. (1982) 13(2):418–438Crossref, Google Scholar
• Lofstrom M. Labor market assimilation and the self-employment decision of immigrant entrepreneurs. J. Population Econom. (2002) 15:83–114Crossref, Google Scholar
• Lucas R. E. On the size distribution of business firms. Bell J. Econom. (1978) 9(2):508–523Crossref, Google Scholar
• March J. G., Shapira Z. Managerial perspectives and risk taking. Management Sci. (1987) 33(11):1404–1418Link, Google Scholar
• Masters R., Meier R. Sex differences and risk-taking propensity of entrepreneurs. J. Small Bus. Management (1988) 26(1):31–35Google Scholar
• Mazzeo M. Retail contracting and organizational form: Alternatives to chain affiliation in the motel industry. J. Econom. Management Strategy (2004) 13(4):599–615Crossref, Google Scholar
• McClelland D. C.The Achieving Society (1961) (Van Nostrand, Princeton, NJ) Crossref, Google Scholar
• Mester L. Efficiency in the savings and loan industry. J. Banking Finance (1993) 17:267–286Crossref, Google Scholar
• Miner J. B., Raju N. S. Risk propensity differences between managers and entrepreneurs and between low- and high-growth entrepreneurs: A reply. J. Appl. Psych. (2004) 89(1):3–13Crossref, Google Scholar
• Morgan D. P., Rime B., Strahan P. E. Bank integration and state business cycles. Quart. J. Econom. (2004) 119(4):1555–1584Crossref, Google Scholar
• Myers D. G. The inflated self: Human illusions and the biblical call to hope. Christian Century (1982) December 1):1226Google Scholar
• Norton W. I., Moore W. T. Entrepreneurial risk: Have we been asking the wrong question? Small Bus. Econom. (2002) 18(4):281–287Crossref, Google Scholar
• O’Brien J. P., Folta T. B., Johnson D. R. A real options perspective of entrepreneurial entry in the face of uncertainty. Managerial Decision Econom. (2003) 24(8):515–533Crossref, Google Scholar
• Palich L. E., Bagby D. R. Using cognitive theory to explain entrepreneurial risk-taking—challenging conventional wisdom. J. Bus. Venturing (1995) 10(6):425–438Crossref, Google Scholar
• Petersen M., Rajan R. Does distance still matter? The information revolution in small business lending. J. Finance (2002) 57(6):2533–2570Crossref, Google Scholar
• Sarasvathy D., Simon H., Lave L. Perceiving and managing business risks: Differences between entrepreneurs and bankers. J. Econom. Behav. Organ. (1998) 33(2):207–225Crossref, Google Scholar
• Stock J. H., Watson M. W. Business cycle fluctuations in U.S. macroeconomic time series. (1998) . Working Paper 6528, National Bureau of Economic Research, Cambridge, MAGoogle Scholar
• Stuart T. E., Sorenson O. Liquidity events and the geographic distribution of entrepreneurial activity. Admin. Sci. Quart. (2003) 48:175–201Crossref, Google Scholar
• Thaler R. H., Johnson E. J. Gambling with the house money and trying to break even: The effects of prior outcomes on risky choice. Management Sci. (1990) 36(6):643–660Link, Google Scholar
• United States Congress (U.S. Congress) (1977) . Community Reinvestment Act, law number 12 U.S.C. 2901. U.S. Congress, Washington, D.C.Google Scholar
• Wheelock D., Wilson P. Evaluating the efficiency of commercial banks: Does our view of what banks do matter? Rev. Federal Reserve Bank St. Louis (1995) 77:39–52Google Scholar
• Wooten K. C., Timmerman T. A., Folger R. The use of personality and the five-factor model to predict new business ventures: From outplacement to start-up. J. Vocational Behav. (1999) 54(1):82–101Crossref, Google Scholar
• Zenger T. R. Explaining organizational diseconomies of scale in R&D: Agency problems and allocation of engineering talent, ideas and effort by firm size. Management Sci. (1994) 40:708–729Link, Google Scholar