Lean and Hungry or Fat and Content? Entrepreneurs' Wealth and Start-Up Performance

References

• Aghion P., Bolton P. A theory of trickle-down growth and development. Rev. Econom. Stud. (1997) 64(2):151–172Crossref, Google Scholar
• Aldrich H.Organizations Evolving (1999) (Sage Publications, New York) Google Scholar
• Aldridge J. H. An occupational personality profile of the male entrepreneur as assessed by the 16PF Fifth Edition. Dissertation Abstracts International: Section B: The Sciences and Engineering (1997) 58(5B):2728Google Scholar
• Ando F. Access to capital by subcategories of small business. (1985) . Report prepared for the U.S. Small Business Administration. JACA Corp., Forth Washington, PAGoogle Scholar
• Arabsheibani G., de Meza D., Maloney J., Pearson B. And a vision appeared unto them of a great profit: Evidence of self-deception among the self-employed. Econom. Lett. (2000) 67(1):35–41Crossref, Google Scholar
• Audretsch D., Mahmood T. New-firm survival: New results using a hazard function. Rev. Econom. Statist. (1995) 77(1):97–103Crossref, Google Scholar
• Bennedsen M., Nielsen K. M., Pérez-Gonzáles F., Wolfenzon D. Inside the family firm. The role of families in succession decisions and performance. Quart. J. Econom. (2007) 122(2):647–691Crossref, Google Scholar
• Bernhardt D. Credit rationing? Amer. Econom. Rev. (2000) 90(1):235–239Crossref, Google Scholar
• Blanchflower D. G., Oswald A. J. What makes an entrepreneur? J. Labor Econom. (1998) 16(1):26–60Crossref, Google Scholar
• Bourgeois L. J. On the measurement of organizational slack. Acad. Management Rev. (1981) 6(1):29–39Crossref, Google Scholar
• Bromiley P. Testing a causal model of corporate risk taking and performance. Acad. Management J. (1991) 34(1):37–59Crossref, Google Scholar
• Brüderl J., Preisendörfer P., Ziegler R. Survival chances of newly founded business organizations. Amer. Sociol. Rev. (1992) 57(2):227–242Crossref, Google Scholar
• Camerer C., Lovallo D. Overconfidence and excess entry: An experimental approach. Amer. Econom. Rev. (1999) 89(1):306–318Crossref, Google Scholar
• Campbell J. Y. Household finance. J. Finance (2006) 61(4):1553–1604Crossref, Google Scholar
• Cressy R. Credit rationing or entrepreneurial risk aversion? An alternative explanation for the Evans and Jovanovic finding. Econom. Lett. (2000) 66(2):235–240Crossref, Google Scholar
• Cyert R., March J. G.A Behavioral Theory of the Firm (1963) (Prentice-Hall, Englewood Cliffs, NJ) Google Scholar
• Davis G. F., Stout S. K. Organization theory and the market for corporate control: A dynamic analysis of the characteristics of large takeover targets, 1980–1990. Admin. Sci. Quart. (1992) 37(4):605–633Crossref, Google Scholar
• Delmar F., Shane S. Does experience matter? The effect of founding team experience on the survival and sales of newly founded ventures. Strategic Organ. (2006) 4(3):215–247Crossref, Google Scholar
• de Meza D. Overlending? Econom. J. (2002) 112(477):F17–F31Google Scholar
• de Meza D., Southey C. The Borrower's curse: Optimism, finance and entrepreneurship. Econom. J. (1996) 106(435):375–386Google Scholar
• Evans D. S., Jovanovic B. An estimated model of entrepreneurial choice under liquidity constraints. J. Political Econom. (1989) 97(4):8–27Google Scholar
• Federal Reserve Board Survey of small business finances. (2003) . Accessed May 2, 2010, http://www.federalreserve.gov/Pubs/oss/oss3/nssbftoc.htmGoogle Scholar
• Frank M. Z., Goyal V. K., Eckbo B. E. Trade-off and pecking order theories of debt. Handbook of Corporate Finance: Empirical Corporate Finance, (2008) 2(Elsevier, Amsterdam) 135–202Chap. 12Google Scholar
• Gimeno J., Folta T. B., Cooper A. C., Woo C. Y. Survival of the fittest? Entrepreneur human capital and the persistence of underperforming firms. Admin. Sci. Quart. (1997) 42(4):750–783Crossref, Google Scholar
• Hamilton B. Does entrepreneurship pay? An empirical analysis of the returns to self-employment. J. Political Econom. (2000) 108(3):604–631Crossref, Google Scholar
• Hazelwood L. N., Mach T. L., Wolken J. D. Alternative methods of unit nonresponse weighting adjustments: An application from the 2003 survey of small business finances. (2007) . Finance and Economics Discussion Series 2007-10, Federal Reserve Board, Washington, DCGoogle Scholar
• Heckman J. J. Sample selection bias as a specification error. Econometrica (1979) 47(1):153–161Crossref, Google Scholar
• Hisrich R. D. The woman entrepreneur in the United States and Puerto Rico: A comparative study. Leadership Organ. Development J. (1985) 5(5):3–8Crossref, Google Scholar
• Holtz-Eakin D., Joulfaian D., Rosen H. S. Sticking it out: Entrepreneurial survival and liquidity constraints. J. Political Econom. (1994) 102(1):53–75Crossref, Google Scholar
• Hornaday J. A., Aboud J. Characteristics of successful entrepreneurs. Personnel Psych. (1973) 24:141–153Crossref, Google Scholar
• Hurst E., Lusardi A. Liquidity constraints, household wealth, and entrepreneurship. J. Political Econom. (2004) 112(2):319–347Crossref, Google Scholar
• Hvide H. K. Are founders non-substitutable? (2008) . Evidence from Nascent firms where a founder dies. http://ssrn.com/abstract=1133042Google Scholar
• Jensen M. Agency costs of free cash flow, corporate finance, and takeovers. Amer. Econom. Rev. (1986) 76(2):323–329Google Scholar
• Kaplan S., Stromberg P. Financial contracting meets the real world: An empirical analysis of venture capital contracts. Rev. Econom. Stud. (2003) 70(2):281–315Crossref, Google Scholar
• Kerr W. R., Nanda R., Audretsch D., Falck O., Heblich S. Financing constraints and entrepreneurship. Handbook on Research on Innovation and Entrepreneurship. (2010) (Edward Elgar, Cheltenham, UK) . ForthcomingGoogle Scholar
• Landier A., Thesmar D. Financial contracting with optimistic entrepreneurs: Theory and evidence. Rev. Financial Stud (2009) 22(1):117–150Crossref, Google Scholar
• Levinthal D. Random walks and organizational mortality. Admin. Sci. Quart. (1991) 36(3):397–420Crossref, Google Scholar
• Malmendier U., Tate G. Who makes acquisitions? CEO overconfidence and the market's reaction. J. Financial Econom. (2008) 89(1):20–43Crossref, Google Scholar
• March J. G., Olsen J. P. Ambiguity and choice in organizations. (1976) (Universitetsforlaget, Oslo, Norway) Google Scholar
• Miller K., Leiblein M. Corporate risk-return relations: Returns variability versus downside risk. Acad. Management J. (1996) 39(1):91–122Crossref, Google Scholar
• Moskowitz T., Vissing-Jorgensen A. The returns to entrepreneurial investment: A private equity premium puzzle? Amer. Econom. Rev. (2002) 92(4):745–778Crossref, Google Scholar
• Nanda R. Cost of external finance and selection into entrepreneurship. (2008) . Working Paper 08-047 (Revised March 2009), Entrepreneurial Management, Harvard Business School, BostonGoogle Scholar
• Nohria N., Gulati R. Is slack good or bad for innovation? Acad. Management J. (1996) 39(5):1245–1264Crossref, Google Scholar
• Paulson A. L., Townsend R. M. Entrepreneurship and financial constraints in Thailand. J. Corporate Finance (2004) 10(2):229–262Crossref, Google Scholar
• Paulson A. L., Townsend R. M., Karaivanov A. Distinguishing limited liability from moral hazard in a model of entrepreneurship. J. Political Econom. (2006) 114(1):100–144Crossref, Google Scholar
• Pfeffer J., Salancik G.The External Control of Organizations (1978) (Harper & Row, New York) Google Scholar
• PlatoJowett B.The Republic (2008) (1st World Library, Fairfield, IA) Google Scholar
• Shane S. Prior knowledge and the discovery of entrepreneurial opportunities. Organ. Sci. (2000) 11(4):448–469Link, Google Scholar
• Shane S.A General Theory of Entrepreneurship. New Horizons in Entrepeneurship (2003) (Edward Elgar, Cheltenham, UK) Google Scholar
• Shane S., Locke E. A., Collins C. J. Entrepreneurial motivation. Human Resource Management Rev. (2003) 13(2):257–279Crossref, Google Scholar
• Sharfman M., Wolf G., Chase R., Tansik D. Antecedents of organizational slack. Acad. Management Rev. (1988) 13(4):601–614Crossref, Google Scholar
• Smith A., Rogers J. E. T.The Wealth of Nations (1869) 1(MacMillan & Co., London) Google Scholar
• Statistics Norway Standard Industrial Classification (SIC2002). (2010) . Accessed May 4, 2010, http://www3.ssb.no/stabas/ClassificationFrames.asp?ID=342101&Language=enGoogle Scholar
• Stinchcombe A., March J. Social structure and organizations. Handbook of Organizations (1965) (Rand McNally, Chicago) 260–290Google Scholar
• Tan J., Peng M. W. Organizational slack and firm performance during economic transitions: Two studies from an emerging economy. Strategic Management J. (2003) 24(13):1249–1263Crossref, Google Scholar
• Thompson J. D.Organizations in Action (1967) (McGraw-Hill, New York) Google Scholar