Anne P Villamil
Biographic Data
| ID | 5868819 |
|---|---|
| NAME | Anne P Villamil |
| GIVEN NAMES | Anne P |
| FAMILY NAME | Villamil |
| SIGNATURE | VILLAMIL A P |
| AFFILIATIONS | University of Iowa |
| ORCID | 0000-0002-3867-5164 |
| VERIFIED | Yes |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 4 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2015 |
| LATEST PUBLICATION YEAR | 2015 |
| H-INDEX | 1 |
Entrepreneurs, Risk Aversion, and Dynamic Firms
How do entrepreneurs vary firm size, capital structure, and default to manage risk? We show that more risk-averse entrepreneurs run smaller, more highly leveraged firms and default less, because running a smaller firm with higher debt reduces personal funds at risk in the firm. Optimal default depends on ex ante debt, consumption forgone from firm liquidation, and owner capacity to inject funds. We show that entrepreneurs sacrifice current consum…
Entrepreneurs, Risk Aversion, and Dynamic Firms
How do entrepreneurs vary firm size, capital structure, and default to manage risk? We show that more risk-averse entrepreneurs run smaller, more highly leveraged firms and default less, because running a smaller firm with higher debt reduces personal funds at risk in the firm. Optimal default depends on ex ante debt, consumption forgone from firm liquidation, and owner capacity to inject funds. We show that entrepreneurs sacrifice current consum…
Entrepreneurs, Risk Aversion, and Dynamic Firms
How do entrepreneurs vary firm size, capital structure, and default to manage risk? We show that more risk-averse entrepreneurs run smaller, more highly leveraged firms and default less, because running a smaller firm with higher debt reduces personal funds at risk in the firm. Optimal default depends on ex ante debt, consumption forgone from firm liquidation, and owner capacity to inject funds. We show that entrepreneurs sacrifice current consum…
Business (1 work) · Capital (architecture (1 work) · Capital structure (1 work) · Consumption (sociology (1 work) · Corporate Finance and Governance (1 work) · Corporate Insolvency and Governance (1 work) · Credit risk (1 work) · Debt (1 work) · Default Risk (1 work) · Economics (1 work)