Financial constraints and risk taking are two well-established determinants of firm performance, however, no research analyzes how these variables are connected in the context of a high risk environment. Using data from microfinance clients in Tanzania, we derive a novel financial constraints measure and incorporate a psychometric risk taking scale. Results confirm the importance of access to finance and risk attitudes for business development. Also, we provide preliminary evidence for an interaction between financial constraints and risk taking. Financial constraints “throw sand in the wheels” and protect risk taking entrepreneurs from the negative impact of risk taking on microenterprise performance.
AI is een uitstekende tool om financiële fraudedetectie en de beoordeling van credit risks te versnellen, zo bleek uit afstudeeropdrachten die studenten van de masteropleiding AI aan de HvA afgelopen semeser bij de financiële opleidingen hebben uitgevoerd. Maar we zien soms dat beslissingen op basis van AI-systemen te rigoureus worden genomen.
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The world of student associations, is not all what it seems to be. Here, like in the corporate boardroom, we find a world of personal ambition that drive unproductive acquisitions and other unwanted managerial behavior. Agency problems as studied by Jensen & Meckling (1976) and eloquently summarized by Gordon Gekko (1987) are major causes of the credit crisis of 2008.
