Estimating the benefits and costs of forming business partnerships

Estimating the benefits and costs of forming business partnerships

I estimate a matching model of business‐partnership formation to quantify the relative importance of productivity gains, financing gains, and the coordination failure of effort provision (moral hazard) among partners. Productivity gains account for 61% of the gain from the observed partnerships. For...

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Bibliographic Details
Main Author: LEE, Jungho
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
Subjects:
Partnership
productivity
financial constraints
moral hazard
entrepreneurship
matching
Entrepreneurial and Small Business Operations
Finance
Industrial Organization
Online Access:https://ink.library.smu.edu.sg/soe_research/2071
https://ink.library.smu.edu.sg/context/soe_research/article/3070/viewcontent/partnership.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/2071
https://ink.library.smu.edu.sg/context/soe_research/article/3070/viewcontent/partnership.pdf

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