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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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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The reading that I decided to summarize is called “The Emergence of the Star System in America” by Richard DeCordova. The topic is very useful because it emphasizes the idea of the star system. The system includes different kinds of information that was created about actors. The evolvement of the system was influenced and developed through three transformations like “the discourse on acting‚ the picture personality and the star” The reading is significant because the write takes the reader thought
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According to Entrepreneur‚ Walton’s dogged pursuit of discounting revolutionized America’s service economy. Walton didn’t merely alter the way America shopped-he changed the philosophy of the American retail business establishment‚ instigating the shift of power from
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The Photographing Pigeon Lover The Entrepreneur which I have chosen is Eberhard Gramatzki. Eberhard was born on the 27th February 1942‚ and grew up in Kellenhusen (Germany) with his six siblings. After marrying a woman called Janet from the Netherlands (1967)‚ they moved to Vermont to continue their life there‚ while having three children. He became interested in becoming an entrepreneur when he was a working engineer for over 24 years at IBM (International Business Machines)‚ a leading US
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his family’s struggling real estate development business and turned it into one of Lebanon’s biggest players. Here’s how the company remodeled from the bottom line up. By Eliot Stempf Chahe Yerevanian Reconstructing business 40| Entrepreneur October 2012 T he turn of the millenium bore ill for the three brothers of the Yerevanian family‚ Vahe‚ Chahe and Serge. Ara Yerevanian‚ their father and founder of the family real estate development firm‚ passed away after months of
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