The Burden of the Nondiversifiable Risk of Entrepreneurship

By Robert E. Hall, Susan E. Woodward. 2010

323 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/d09b9670e2379ffc1a33f563519a62de7bcfc93c

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In Accounting

In Management of Technology and Innovation

Citations in the corpus

Entrepreneurial Finance and Nondiversifiable Risk (2009, unknown): “interest. Hall and Woodward (2008) document that the idiosyncratic risks faced by entrepreneurs”
Investment Cycles and Startup Innovation (2013, unknown): “For example, Hall and Woodward (2010) report that about 50% of the venture capital-backed startups in their sample had zero-value exits, and only 13% had an IPO.”
How should we divide the pie? Equity distribution and its impact on entrepreneurial teams ☆ (2015, background): “Entrepreneurial teams also own a substantial part of the venture's equity and thus carry a significant proportion of the venture's risk (Hall and Woodward, 2010).”
With a Little Help from My (Random) Friends: Success and Failure in Post-Business School Entrepreneurship (2013, unknown): “…of the sale of the company, at least 50 employees or $5 million in annual revenues.21 The $5 million cut-off is based on the following rationale: Hall and Woodward (2010) estimate the mean equity stake of entrepreneurial teams at the time of exit at 53%, and, according to Gompers, Lerner, and…”
Identifying and Spurring High-Growth Entrepreneurship: Experimental Evidence from a Business Plan Competition (2015, unknown): “2 See, for example, Haltiwanger et al. (2013) for the U.”
Entrepreneurship as Experimentation (2014, unknown): “Haltiwanger et al. (2013) note the difficulty to predict upfront which firms will succeed even among producers of homogeneous goods such as cement.”
Muppets and gazelles: political and methodological biases in entrepreneurship research (2014, unknown): ““He who makes ’the desert bloom’ is often a very colorful person; a study of him in consequence is likely to turn into a romantic product . . . Cold-blooded appraisals of the role of the entrepreneur in economic development are rare: glorification is usual.””
From the crowd to the market: The role of reward-based crowdfunding performance in attracting professional investors (2017, methodology): “Our choice on the observation period is coherent with the evidence that the first round of financing usually occurs within the first two-three years of the life of a new venture (Hall and Woodward, 2010; Forrest, 2014).”