We develop a conceptual model of entrepreneurial exit which includes exit through liquidation and firm sale for both firms in financial distress and firms performing well. This represents four distinct exit routes. In developing the model, we complement the prevailing theoretical framework of...

The impact of conservative accounting in residual income valuation (RIV) and abnormal earnings growth (AEG) valuation modeling is investigated in this paper. Unconstrained and two types of constrained model specifications are evaluated regarding their ability to withstand biases in book values...

Ours is an argument for ideas that become us. Illustratory is a statement by a well-known management author who lamented the difficulty of “escaping one’s past ideas”. Viewing himself a prisoner, his past published ideas had devoured him: they limited his ability to imagine or credibly...

I test for short term excess return in a sample of 279 defaulted US corporate bonds using multiple regression analysis. There are robust excess returns after controlling for market and liquidity risk. The expected recovery rate during 2001-2006 is estimated to be, on average, four percentage...

Earlier research has identified a variety of human capital dimensions related to the entrepreneur as positively influencing new venture performance. However, in high technology exploitation the entrepreneur is commonly only one person among other highly skilled individuals involved in the...

Purpose <p> The article aims to answer the question if particular values make for particular forms of trust. <p> Design/methodology/approach <p> In the present article, interviews and conversations the author has made with twenty-one employees in Swedish brokerage firms, merchant banks and mutual funds...</p></p></p>