The private equity premium puzzle revisited - new evidence on the role of heterogeneous risk attitudes
"The empirical finding that entrepreneurs tend to invest a large share of their wealth in their own firms despite comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence supporting the hypothesis that lower risk aversion of entrep...
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Berlin
2008
DIW |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19189982124919071649-The-private-equity-premium-puz.htm |
