| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
|
| Título: |
Economic Returns to Entrepreneurial Behavior
|
| Autores: |
Ross, R. Brent
Westgren, Randall E.
|
| Data: |
2008-10-01
|
| Ano: |
2006
|
| Palavras-chave: |
Entrepreneurship
Factor payments
Subjective judgment
Uncertainty
Agribusiness
Risk and Uncertainty
M13
B12
B25
P23
Q13
|
| Resumo: |
Highly turbulent environments require firms to act entrepreneurially. The returns to entrepreneurial activities are known as entrepreneurial rents. Following the payments perspective, these rents are allocated to the entrepreneurial resources of the firm as factor payments. However, unlike other factor payments, little is known about how to value these types of rents. An analysis of the economics and management literature reveals that entrepreneurial rents are a return to alertness, subjective judgment, asset control, and uncertainty bearing. Furthermore, entrepreneurial rents are noncontractible and temporary. This paper introduces two complementary valuation models that capture these characteristics and that explicitly impute value to various entrepreneurial activities.
|
| Tipo: |
Journal Article
|
| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/43776
|
| Relação: |
Journal of Agricultural and Applied Economics>Volume 38, Number 02, August 2006
|
| Formato: |
17
|
|
