Testing Agency Theory with Entrepreneur Effort and Wealth

By M. Bitler, Tobias J. Moskowitz, Annette Vissing-Jorgensen. 2005

265 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6a7e01bdab2b488733ca19dd83d8ee3b4de294ca

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Citations in the corpus

Executive Compensation: A Multidisciplinary Review of Recent Developments (2007, unknown): “In a different vein, Bitler, Moskowitz, and Vissing-Jorgensen (2005) explored the linkages between equity pay, effort, and performance.”
Strategic IPOs and product market competition (2011, unknown): “Journal of Financial 4 This is a common assumption in the literature that examines interactions between entrepreneurs and diversified investors (e.g., Gomes, 2000; and Bitler, Moskowitz, and Vissing-Jørgensen, 2005).”
CEO Compensation in Private Family Firms (2013, background): “The composition of a CEO’s pay package tends to be less sophisticated in privately held firms compared with publicly held firms, for example, because they generally make no use of stock options or other sophisticated financial instruments (Bitler et al., 2005).”
Does self‐efficacy affect entrepreneurial investment? (2009, unknown): “We present the coefficients from the models of the Bitler et al. (2005) risk measure, the Li et al. (2004) risk measure, and the industry death rate risk measure in columns 1, 2, and 3, respectively.”
How does owners’ exposure to idiosyncratic risk influence the capital structure of private companies? (2008, unknown): “Detailed information on the 1998 SSBF survey is available in Bitler et al. (2001).”
Is the Tendency to Engage in Entrepreneurship Genetic? (2008, background): “(this latter question is measured on the following scale: “one”; “two”; “three”; “four or more”); (3) being an owner-operator of a company (Hull et al. 1980, Ahmed 1985, Bitler et al. 2005), which we operationalize with the questions: “Have you ever been an owner-operator of a company?” and “In your”
Bank Governance, Regulation, and Risk Taking (2009, unknown): “…controls A commonly used strategy for reducing concerns that Cov{u, Zi} ≠ 0 is to saturate the regression with a large number of bank and country characteristics to capture as much of the error term u as possible (see also Demsetz and Lehn, 1985; and Bitler, Moskowitz, and Vissing-Jorgensen, 2005).”
Complex Ownership Structures and Corporate Valuations (2007, unknown): “Bitler et al. (2005) find that Founder explains the largest shareholders ownership stake.”
Risk Tolerance and Entrepreneurship (2013, background): “, Moskowitz & Vissing-Jorgensen, 2002, Bitler et al., 2005). In the theoretical models of Kanbur (1979) and Kihlstrom & Laffont (1979), less risk averse individuals become entrepreneurs, and more risk averse individuals become workers.”
The influence of sensation seeking in the heritability of entrepreneurship (2008, background): “These include: (1) starting a new business (Gartner, 1988; Mesch and Czamanski, 1997; Delmar and Davidsson, 2000), which we operationalize with the question ‘In your working life, how many new businesses have you started?;’ (2) being an owner-operator of a company (Hull, Bosley, and Udell, 1980; Ahm”