This paper characterizes the relationship between entrepreneurial wealth and aggregate investment under adverse selection. Its main finding is that such a relationship need not be monotonic. In particular, three results emerge from the analysis: (i) pooling equilibria, in which investment is independent of entrepreneurial wealth, are more likely to arise when entrepreneurial wealth is relativel...

This article explains students' views on financial literacy to support entrepreneurial character. The campus environment plays a role in supporting student activities. development of the times followed by increasingly rapid technological developments makes needs increase and then also has an impact conditions. To respond this from beginning, students need knowledge about literacy. study uses qu...

Purpose – The purpose of the paper is to explore why the entrepreneurial activities are agglomerative in a cluster and to investigate the government agencies’ functions in the industry cluster that can construct favourable environment for entrepreneurial development. Design/methodology/approach – The case study method is chosen to collect in-depth data to investigate the research domain, and th...

as rising unemployment levels continually erode job opportunities in southern punjab, it is essay to assume that entrepreneurship would be concluded as the next-best career option; however, university graduates show very low interest level in becoming entrepreneurs. having observed this disinterest, southern punjab economic policies have put in place initiatives encouraging youth entrepreneursh...

This study aims to examine individual internal and external factors that influence the intention become an entrepreneur. looks at of subjective norms entrepreneurial passion on intention, considers moderating role social support in strengthening (or weakening) relationship between these variables. Using quantitative method, researchers conducted a survey 300 students who are members Indonesian ...

We explore the relation between international financial integration and the level of entrepreneurial activity in a country. Using a unique data set of approximately 24 million firms in nearly 100 countries in 1999 and 2004, we find suggestive evidence that international financial integration has been associated with higher levels of entrepreneurial activity. Our results are robust to using vari...

These papers are produced by the Institute for Manufacturing, at the University of Cambridge Engineering Department. They are circulated for discussion purposes only and should not be quoted without the author's permission. Your comments and suggestions are welcome and should be directed to the first named author. ABSTRACT This paper aims to identify how entrepreneurial responses to 'barriers' ...