Move to menu Move to submenu Move to content

Seminars

Limited Impact of Business Development Programs on Entrepreneurs' Profitability in the Presence of Ambiguity Aversion

Date: Wednesday, Feb 24, 2021, 14:30 ~ 16:00
Speaker: DMITRY SHAPIRO
Location: zoom을 통한 온라인세미나
Abstract: This paper develops a theoretical framework to explain the limited effect of business development programs (BDPs) on entrepreneurs' profits. We argue that a mismatch between a BDP's narrow focus on business-promoting strategies and the wider context in which microentrepreneurs operate can limit the impact of business training. In our framework, entrepreneurs are ambiguity-averse and have multiple sources of income (e.g., business and wage incomes.) We show that for a sufficiently ambiguity-averse entrepreneur with multiple income sources, efficient training can result in a decline in expected profit. Notably, when the wider context (multiple income sources, ambiguity-aversion) is considered, the business-training impact is limited and can result in a post-training expected profit decline. This limited impact is caused by the diversifying role that the business income plays in household finances.

* 본 세미나는 VEAEBES(Virtual East Asia Experimental and Behavioral Economics Seminar series) 주최로 열리는 세미나입니다.

참여신청은 아래의 링크로 해주시길 바랍니다.

link

이후 이메일로 zoom링크가 발송됩니다.

감사합니다
Scroll Top