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	Provedor de dados AgEcon (1) Autor Musshoff, Oliver (1) Odening, Martin (1) Sandri, Serena (1) Schade, Christian (1) Palavra-chave Agribusiness (1) Agricultural Finance (1) Agricultural and Food Policy (1) Disinvestment (1) Exit Behavior (1) Experimental Economics (1) Institutional and Behavioral Economics (1) Real-Options (1) Mais... Tipo do documento Working or Discussion Paper (1) Ano 2010 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Holding on for too long? An experimental study on inertia in entrepreneurs’ and non-entrepreneurs’ disinvestment choices AgEcon Sandri, Serena; Schade, Christian; Musshoff, Oliver; Odening, Martin. Disinvestment, in the sense of project termination and liquidation of assets including the cession of a venture, is an important realm of entrepreneurial decision-making. This study presents the results of an experimental investigation modeling the choice to disinvest as a dynamic problem of optimal stopping in which the patterns of decisions are analyzed with entrepreneurs and non-entrepreneurs. Our experimental results reject the standard net present value approach as an account of observed behavior. Instead, most individuals seem to understand the value of waiting. Their choices are weakly related to the disinvestment triggers derived from a formal optimal stopping benchmark consistent with real options reasoning. We also observe a pronounced... Tipo: Working or Discussion Paper Palavras-chave: Real-Options; Disinvestment; Exit Behavior; Experimental Economics; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Institutional and Behavioral Economics. Ano: 2010 URL: http://purl.umn.edu/59518 Registros recuperados: 1 Primeira ... 1 ... Última

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