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Limited Impact of Business Development Programs on Entrepreneurs' Profitability in the Presence of Ambiguity Aversion
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Shapiro, Dmitry | - |
dc.date.accessioned | 2024-05-14T07:25:54Z | - |
dc.date.available | 2024-05-14T07:25:54Z | - |
dc.date.created | 2020-08-26 | - |
dc.date.created | 2020-08-26 | - |
dc.date.created | 2020-08-26 | - |
dc.date.created | 2020-08-26 | - |
dc.date.created | 2020-08-26 | - |
dc.date.issued | 2020-07 | - |
dc.identifier.citation | The Korean Economic Review, Vol.36 No.2, pp.377-413 | - |
dc.identifier.issn | 0254-3737 | - |
dc.identifier.uri | https://hdl.handle.net/10371/202043 | - |
dc.description.abstract | This paper develops a theoretical framework to explain the limited effect of business development programs (BDPs) on entrepreneurs' profits. We argue that a mismatch between a BDP's narrow focus on business-promoting strategies and the wider context in which microentrepreneurs operate can limit the impact of business training. In our framework, entrepreneurs are ambiguity-averse and have multiple sources of income (e.g., business and wage incomes.) We show that for a sufficiently ambiguity-averse entrepreneur with multiple income sources, efficient training can result in a decline in expected profit. Notably, when the wider context (multiple income sources, ambiguity-aversion) is considered, the business-training impact is limited and can result in a post-training expected profit decline. This limited impact is caused by the diversifying role that the business income plays in household finances. | - |
dc.language | 영어 | - |
dc.publisher | 한국경제학회 | - |
dc.title | Limited Impact of Business Development Programs on Entrepreneurs' Profitability in the Presence of Ambiguity Aversion | - |
dc.type | Article | - |
dc.identifier.doi | 10.22841/kerdoi.2020.36.2.004 | - |
dc.citation.journaltitle | The Korean Economic Review | - |
dc.identifier.wosid | 000547587100004 | - |
dc.identifier.scopusid | 2-s2.0-85117762121 | - |
dc.citation.endpage | 413 | - |
dc.citation.number | 2 | - |
dc.citation.startpage | 377 | - |
dc.citation.volume | 36 | - |
dc.identifier.kciid | ART002601976 | - |
dc.description.isOpenAccess | N | - |
dc.contributor.affiliatedAuthor | Shapiro, Dmitry | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.subject.keywordPlus | RISK-SHARING NETWORKS | - |
dc.subject.keywordAuthor | Business Development Programs | - |
dc.subject.keywordAuthor | Ambiguity Aversion | - |
dc.subject.keywordAuthor | Microentrepreneurship | - |
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