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| Khantachavana, Sivalai V.; Just, David R.; Pushkarskaya, Helen N.. |
| Entrepreneurship means making discrete changes in livelihood activities that involve substantial risks to income. While the rewards may be substantial, transactions costs may make decisions irreversible. This paper draws a comparison between entrepreneurship and technology adoption. Adopting a new production technology also involves substantial risks. The economics of technology adoption is a well developed literature with many accepted and testable models. Most prominent are the theories of learning by using and learning by doing. We review the technology adoption literature, drawing out lessons for entrepreneurship research. We then apply an entrepreneurship as technology adoption model to a unique dataset collected during the tobacco buyout. The... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Entrepreneurship; Technology adoption; Tobacco buyout; Agribusiness; Risk and Uncertainty. |
| Ano: 2010 |
URL: http://purl.umn.edu/61296 |
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| Khantachavana, Sivalai V.; Turvey, Calum G.; Kong, Rong. |
| The purpose of this paper is to provide a specific test of Boucher, Carter et al. (2008) framework on risk rationing. The data were collected through a survey of 730 farm households in Shaanxi province conducted in November 2010. We compare factor associated with risk rationed, quantity rationed and price rationed farmers. Seemingly unrelated regressions are performed using risk rationing, quantity rationing and price rationing measure as the dependent variable and measures of demography, wealth, income, year of farming and risk aversion as independent variables. We apply seemingly unrelated regression, cluster analysis and cross tabulation in the study. According to a seemingly unrelated regression, we find existing risk rationing is due to risk-based... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk rationing; Credit market; China; Marketing; Risk and Uncertainty. |
| Ano: 2011 |
URL: http://purl.umn.edu/104021 |
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