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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Are entrepreneurs born or made? To start off‚ it is said that 50 percent of our thoughts and actions are genetically due to our heritage‚ while the other 50 percent comes from what we take from our environment and what has been conditioned unto us at an early age. Generally speaking‚ are we really made to do anything so specifically? From the said facts‚ it can be argued that certain qualities are embedded in us though our genetic makeup. Many believe our personalities‚ traits‚ and quirks are somewhat
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Are entrepreneurs born or made? Critically discuss. The question of “Are entrepreneurs born or made?” has been an interrogative sentence for long as both confronting propositions are bolstered by sophisticated theories. Regardless of the perpetual fierce debate‚ my standpoint is that entrepreneurs are both born and made as these seemingly opposing ideologies are in fact coexisting with each other. This essay will attempt to critically discuss the authenticity of the above stance. The definition
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answered or agreed upon. (Lazenby et al.‚ pg. 2) Issues include the definition of entrepreneurship and whether or not entrepreneurs are born or trained. In this essay the arguments involved in defining entrepreneurs will not be analysed‚ but specific attention will be given to the argument on whether or not entrepreneurs are born or trained. According to Reynolds et al. (2000) "entrepreneurs are people who have both the will (in other words‚ desire or motivation) and the skill (the ability) to project
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can’t help myself from being carried away by two heroes‚ who at some point‚ have differences in leading the others. In other words‚ I’m hitting two birds with one stone: watching the movie and relating it with my reaction paper on leaders being born or made. I’m talking about Captain America and Iron Man. What about them? Captain America was a hero in the past. He joined the military. Because of his diminutive size‚ he wasn’t given much attention in the army. In other words‚ he was a nobody until
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ENTREPRENEURS‚ ARE THEY BORN OR MADE? I. Introduction Entrepreneurship is difficult to define. Scholars and experts have tried to formulate a definition that embodies the very essence of entrepreneurship in order to capture this abstract idea. Though the idea has been identified and indicated by a diverse set of interpretations‚ no single idea of entrepreneurship has been unanimously accepted and embraced by all economists or applicable in all circumstances. There are so many interpretations now
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“ENTREPRENEURS ARE BORN‚ NOT MADE” What do you think? When we talk or debate about if the entrepreneurs are born or made‚ we need to think about what makes an entrepreneur‚ what are his objectives as an owner of a business‚ what should be his main skills and what kind of challenges and tasks he needs to face when running out a company. The word entrepreneur‚ originally from the French verb “entreprend”‚ means “to undertake”. An entrepreneur is the person who undertakes a business. He is someone
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Natural-Born Entrepreneur by Dan Bricklin Reprint r0108b HBR Case Study r0108a What a Star –What a Jerk Sarah Cliffe First Person r0108b Natural-Born Entrepreneur Dan Bricklin Different Voice r0108c Is Success a Sin? A Conversation with the Reverend Peter J. Gomes In Praise of Middle Managers r0108d Quy Nguyen Huy The Superefficient Company r0108e Michael Hammer The Weird Rules of Creativity r0108f Robert I. Sutton What You Don’t Know r0108g About Making Decisions David A. Garvin
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It’s an age-old question: Are entrepreneurs a special breed‚ born into this world with a drive and need to succeed that most of humanity lacks‚ or can they can be created through education‚ experience and mentorship? We spoke to two academics who have strong opinions on the matter. That question has taken on urgency recently. In the past five years‚ multiple studies have indicated that there may be an "entrepreneur gene"--or at least that people with certain genetic characteristics and personality
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Do you believe that the greatest leaders are born‚ not made? Explain your answer. Some people are natural born leaders‚ nature plays a role. Some people work all their life to become great leaders‚ nurture plays a role. They both have many things in common but the most important one is that they want to be in charge; become leaders and not followers. They all have a vision and need to have a strong belief in their leadership ability. In addition‚ leaders set goals that help them achieve
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