draft: 25th November‚ 2002 ABSTRACT We study the determinants of equity and loan financing in an equilibrium model of financial markets with adverse selection. In our model all agents are endowed with initial wealth and choose to invest as entrepreneurs or financiers‚ or not to invest. We find that i) equilibrium financial contracts are either equity-like or “pure” debt contracts; ii) agents only earn rents when employing pure debt contracts; iii) When agents split in their occupational choices
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Panino Restaurant The entrepreneur that I interviewed was Lydia Patterson. In 1989‚ Lydia and her husband‚ Lou‚ decided to start planning to open up a new Italian restaurant in Virginia. The restaurant industry‚ especially in the Washington DC area is very competitive. It is highly competitive with respect to price‚ value and promotions‚ service‚ location‚ and food quality. There are a substantial number of restaurant operations that compete for customer traffic‚ some of which have significantly
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A Dream of A Social Entrepreneur “I have a dream that in the near future‚ Ecolife Café will become the bridge of knowledge for people in Phu Long and promote Community Ecotourism for the Protection of Mangrove so that tourists and foreigners will know and love the community initiatives to protect the green environment here‚ and then have a chance to experience life with local people in our island.” Lying on the coastal island of Cat Hai‚ Hai Phong City‚ Phu Long commune’s population is consisted
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Candace Allen’s article titled “The Entrepreneur as Hero”‚ she introduced that every society needs heroes. First she said that heroes go to the unknown. Second is the encountering of the hardship and challenges. Third is the return with something new. The author tries to compare the pattern of the hero to the entrepreneur‚ finding themselves in a difficult situation then finding ways to get a solution. Furthermore‚ she also mentioned that “The heroic entrepreneur will continue to anticipate what the
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* An entrepreneur is a risk taker. They operate a business‚ but in order to start the business they must take a risk. The role of the entrepreneur The role of the entrepreneur is to identify a new idea or a new way of offering a good or a service‚ or to adapt an existing product or service. This involves : * An element of risk The characteristics of successful entrepreneurs Joe buys a café and employs 7 people‚ what are his most important characteristics of an entrepreneur? * Leadership
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Catherine (Zhang Huan) RHET 106 John Knight 6 Oct. 2012 Communication bBarriers Living in the USA is an interesting experience and also a tough time during my life. I lived in a friend of my mother’s home when I got prep America. It was so far away from my University that I needed to take the BART first and then take art bus to school. I felt excited when I first took the BART because I saw so many different racepl of people around me. It was just like I was dreaming that I’mvt living in prepAmerican
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Famous Canadian Entrepreneurs James Hillier and Albert Prebus (Electron Microscope) James Hillier‚ one of the entrepreneurs of the electron microscope‚ was born on August 22nd‚ 1915 in Brantford‚ Ontario. He attended the University of Toronto‚ where he received a PhD in 1941. After graduating‚ Hillier spent most of his career at the Radio Corporation of America (or RCA)‚ discovering the principle of stigmator‚ which is used to correct astigmatism in a microanalyser‚ while being the first person
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Technology. Zest-O Corp. (Zest-O) AMA Institute of Computer Studies (AMA) Netopia Internet Café (Netopia) runs the Filinvest Development Corporation. Andrew L. Tan is an entrepreneur from the Philippines who engages in real estate‚ liquor and fast food. According to a 2007 edition of the Forbes Magazine‚ Tan became the Philippines’ fourth billionaire after Jaime Zobel de Ayala‚ Henry Sy and Lucio Tan (no relation). His fortune
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According to research‚ Sandra Bem formally introduced schema theory in 1981 as a cognitive theory that explains how individuals become gendered in society‚ and how sex-linked characteristics are maintained and transmitted to other members of a culture. Gender associated data is transferred through society by what they call schemata and some of this data is easily adapted more than others. This means that gender schemas develop through an individual’ observation‚ belief and cultural system. It is
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CASE STUDY OF SHAHNAZ HUSSAIN Shahnaz Husain‚ CEO of Shahnaz Herbals Inc‚ the prominent Indian female entrepreneur best known for her herbal cosmetics‚ particularly skin care products. She is making a constant effort to beautify the skin of people with her beauty products. She has been continuously striving hard to slow down the aging process and nourish the skin of people and thus make them look younger than their age. Well‚ we are talking about none other than the ruler of the beauty world‚ Shahnaz
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