• xmlui.mirage2.page-structure.header.title
    • français
    • English
  • Help
  • Login
  • Language 
    • Français
    • English
View Item 
  •   BIRD Home
  • DRM (UMR CNRS 7088)
  • DRM : Publications
  • View Item
  •   BIRD Home
  • DRM (UMR CNRS 7088)
  • DRM : Publications
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Browse

BIRDResearch centres & CollectionsBy Issue DateAuthorsTitlesTypeThis CollectionBy Issue DateAuthorsTitlesType

My Account

LoginRegister

Statistics

Most Popular ItemsStatistics by CountryMost Popular Authors
Thumbnail

Professional Reputation, Cash, and Transition to Entrepreneurial Activity

Loss, Frédéric; Renucci, Antoine (2005), Professional Reputation, Cash, and Transition to Entrepreneurial Activity, AFFI 2005 (Association Française de Finance), 2005-12, Paris, France

View/Open
renucci1.pdf (206.1Kb)
Type
Communication / Conférence
Date
2005
Conference title
AFFI 2005 (Association Française de Finance)
Conference date
2005-12
Conference city
Paris
Conference country
France
Pages
34
Metadata
Show full item record
Author(s)
Loss, Frédéric
Renucci, Antoine cc
Abstract (EN)
We analyze the role of professional reputation in the transition to entrepreneurial activity when credit is rationed. We study an employee's willingness to allow the market to learn information about talent by choosing more or less informative projects. This choice impacts the employee's incentives to exert effort, which determines the wage, and in turn the cash to be invested in the business venture. We show that reputation and cash are substitutes in overcoming credit rationing. However, maintaining a good reputation conflicts with accumulating cash. Hence, employees adopt a different strategy depending on their initial reputation. Besides, starting a business venture early can in expectation be easier than waiting in order to build a reputation and accumulate cash.
Subjects / Keywords
Corporate finance; Econométrie; Professional reputation; entrepreneurship
JEL
L26 - Entrepreneurship

Related items

Showing items related by title and author.

  • Thumbnail
    Professional Reputation, Cash, and Transition to Entrepreneurial Activity 
    Loss, Frédéric; Renucci, Antoine (2007) Communication / Conférence
  • Thumbnail
    Reputation Capital, Financial Capital, and Transition to Entrepreneurship 
    Loss, Frédéric; Renucci, Antoine (2008) Communication / Conférence
  • Thumbnail
    Reputation Capital, Financial Capital, and Entrepreneurship 
    Loss, Frédéric; Renucci, Antoine (2013-04) Article accepté pour publication ou publié
  • Thumbnail
    When Promotions Induce Good Managers to Be Lazy 
    Renucci, Antoine; Loss, Frédéric (2004) Document de travail / Working paper
  • Thumbnail
    Making Partner: How it Influences Business Risk Strategy and Execution Effort 
    Loss, Frédéric; Renucci, Antoine (2019) Article accepté pour publication ou publié
Dauphine PSL Bibliothèque logo
Place du Maréchal de Lattre de Tassigny 75775 Paris Cedex 16
Phone: 01 44 05 40 94
Contact
Dauphine PSL logoEQUIS logoCreative Commons logo