Vesting of equity payments to an entrepreneur, which is a form of time-contingent compensation, is very common in venture capital contracts. Empirical research suggests that vesting is used to help overcome asymmetric information and agency problems. We show in a theoretical model that vesting equity to an entrepreneur over a long period of time acts as a screening device against a bad entrepre...

....in the long run no really subtle, deep, and far-reaching problems can be solved in any field whatsoever, except by people who are able to respond in an original and creative way to the ever changing and developing nature of the overall fact by which they are confronted." (Bohm, 1998). Creativity can lead to many initiatives which are relevant to the development of business. This paper begin...

The efficiency of legal restrictions on private contracts has been analyzed by Aghion and Hermalin (1990). In their model of asymmetric information the authors assume that the informed party has only one signal. The analysis refers to a contract between an uninformed investor and an entrepreneur who needs to raise a capital to fund his project. The entrepreneur can be one of two types, who diff...

in iran, entrepreneurship is a new phenomena and the research in this subject especially on women entrepreneurship is very limited. in spite of the fact that most of the iranian women cooperate in economic, social aspects and especially in higher education, the society is not rewarding their contribution and efforts in economic affairs. in this national and broad research, all the factors effec...

what characteristics should an entrepreneur manager have? are the managers and entrepreneurs the same or different? how can the attitude and personality of an entrepreneur be identified? attitude assessment is one of the methods of recognizing behavioral aspects which are somewhat the origin of behaviors. based on the research conducted by researchers on entrepreneurs’ traits and their ensuing ...

abstract background: to respond efficiently to the increasing and new needs of people in health issues, it is necessary for nurses to develop their knowledge from hospital to society and to be equipped to play entrepreneur role in different levels of care. the present study was conducted to describe iranian entrepreneur nurses’ perceived barriers to entrepreneurship, in order to identify the ex...

Much like the popular myth that a bumblebee’s flight is aerodynamically impossible, experts often suggest that innovative entrepreneurship is economically impossible. Entrepreneurs must be irrationally optimistic because there are few economic returns to innovative entry. Entrepreneurs cannot innovate effectively because incumbent firms have better complementary assets. Entrepreneurs cannot pos...

In recognizing the importance of entrepreneurship and innovation as the principal drivers of economic growth, this paper focuses on the human attributes that govern the behavior of the entrepreneur and the societal perceptions that influence the human environment in which the entrepreneur operates. Foremost among these human attributes is the experience-based nature of the human cognitive syste...