Why Do Entrepreneurs Hold Large Ownership Shares? Testing Agency Theory Using Entrepreneur Effort and Wealth
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- Type
- article
- Published
- 2002-12-17
- Cited by
- 16
- References
- 26
- Access
- Open access
- OpenAlex
- https://openalex.org/W8568689
- Semantic Scholar
- https://api.semanticscholar.org/CorpusID:150663941
Keywords
Principal–agent problem, Agency cost, Agency (philosophy), Business, Entrepreneurship
References
- Moral Hazard and Observability
- Family finances in the U.S.: recent evidence from the Survey of Consumer Finances
- Recent changes in U. S. family finances: results from the 1998 Survey of Consumer Finances
- Corporate performance and managerial remuneration: An empirical analysis
- Management Ownership and Market Valuation: An Empirical Analysis
- Financial Services Used by Small Businesses: Evidence from the 1993 National Survey of Small Business Finances
- Understanding the determinants of managerial ownership and the link between ownership and performance: comment
- The Structure of Corporate Ownership: Causes and Consequences
- Optimal incentive contracts with imperfect information
- THE IMPORTANCE OF ENTREPRENEURSHIP FOR WEALTH CONCENTRATION AND MOBILITY
- Rank-Order Tournaments as Optimum Labor Contracts
- The Tenuous Trade‐off between Risk and Incentives
- Signaling and the Valuation of Unseasoned New Issues: A Comment
- MEASURING WEALTH WITH SURVEY DATA: AN EVALUATION OF THE 1983 SURVEY OF CONSUMER FINANCES
- Are CEOS Really Paid Like Bureaucrats
- Banking Markets and the Use of Financial Services by Small and Medium-Sized Businesses
- The Market for Corporate Control: The Scientific Evidence
- Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk
- The balance of power in closely held corporations
- Managerial Ownership and Firm Performance: Incentives or Rewards?
Cited by
- Investor type and new-venture governance:cognition vs. interest alignment
- Agency costs and R&D: Evidence from Finnish SMEs
- Joint Ventures as a Commitment Device Against Lobbies
- When Trade Credit Facilitates Access to Bank Finance: Evidence from US Small Business Data
- Investor Type, Cognitive Governance and Performance in Young Entrepreneurial Ventures:A Conceptual Framework
- Incentives and performance in the presence of wealth effects and endogenous risk
- Decision Making in Entrepreneurial Finance: A Behavioral Perspective
- IPO Pricing in the Dot-Com Bubble
- Swimming with Sharks: Technology Ventures, Defense Mechanisms and Corporate Relationships
- Advances in Entrepreneurial Finance
- The Dynamics of Financing Constraints and Investor Protection ∗
- Beyond Agency Theory: Value Creation and the Role of Cognition in the Relationship Between Entrepreneurs and Venture Capitalists
- The Journal of Entrepreneurial Finance The Journal of Entrepreneurial Finance
- A Behavioral Finance Approach to Decision Making in Entrepreneurial Finance
- SWIMMING WITH SHARKS: TECHNOLOGY VENTURES AND CORPORATE RELATIONSHIPS
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