In this study we examine the impact of entrepreneur personal values on the organizational structure of small business. The leadership imperative theory suggests that entrepreneur's personal traits will have an impact on his or her style of management. We propose that the way a small business is...

Recent studies of conditional factor models do not specify conditioning information but use data from small windows to estimate the time series of conditional alphas and betas. In this paper, we propose a nonparametric method using an optimal window to estimate time-varying coefficients. In...