This paper analyzes optimal financing and advising contracts between potentially optimistic entrepreneurs and potentially supportive financiers. The presence of optimistic entrepreneurs (who may overestimate their managerial abilities) leads realistic-financiers to bring managerial support even...

This paper analyses optimal financing contracts between potentially optimistic entrepreneurs and potentially supportive financiers. The presence of optimistic entrepreneurs (who overestimate their personal abilities to manage their venture) leads realistic financiers to bring managerial support...

The global financial crisis has brought to public attention the difficulties associated with executive remuneration in the financial services sector. In many instances the financial firms with unsound remuneration practices were listed companies subject to shareholder scrutiny. Why were...

In this paper we compare CEOs that are firm founders to CEOs that are not firm founders. The focus ofthis paper is to examine how firm founders are different from other CEOs with regard to compensation,level of education attained, degrees earned, the age at which the individual earned his/her...

The role of external or non-executive directors intheir relationship with executive entrepreneurs in small, but growing companiesin Scotland is investigated. The focus is on their influence on executivelearning. Interviews were conducted in 1997-1998 with 50 key and foundingentrepreneurs in...