Entrepreneurship and the Legal Form of Businesses: The Role of Differences in Beliefs
| Autor: | Pedro Ortín-Ángel, Oscar Gutiérrez |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
Attractiveness
Entrepreneurship ComputingMilieux_THECOMPUTINGPROFESSION Beliefs Creditor 05 social sciences Legal form Interpersonal communication Credit constraints Microeconomics Property rights Emprenedoria 0502 economics and business Economics Production (economics) 050207 economics Creditors' priorities Law General Economics Econometrics and Finance 050203 business & management |
| Zdroj: | Dipòsit Digital de Documents de la UAB Universitat Autònoma de Barcelona |
| ISSN: | 1556-5068 |
| Popis: | Entrepreneurship has been considered a way to implement interpersonal authority, i. e., to convince other persons to use their resources in an alternative way to the optimal one in accordance with their beliefs. This paper presents a theoretical model that relates the above assumption with the following two questions: (i) how and why financial constraints can prevent the implementation of entrepreneurial projects; and (ii) how creditors’ priorities provided by the different legal forms of the business can reduce the financial requirements for implementing the firm. The attractiveness of such an explanation lies in its capacity to justify a wide array of features of firms (entrepreneur origin, property rights, authority, financial constraints and creditor priorities) from a single basic assumption: agents have different beliefs about how production should be organized. |
| Databáze: | OpenAIRE |
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