Do stockholders share risk more effectively than nonstockholders?

Keyphrases

• Risk Sharing 100%
• Stockholder 100%
• Risk Factors 33%
• Semi-parametric 33%
• Insurance 33%
• Stock Market 33%
• Fixed Costs 33%
• Idiosyncratic Shocks 33%
• GMM Estimator 33%
• Income Risk 33%
• Entry Decision 33%
• Sample Selection Model 33%
• Market Completeness 33%
• Endogenous Entry 33%
• Testable Implications 33%
• Entrepreneurial Income 33%

Economics, Econometrics and Finance

• Risk-Sharing 100%
• Fixed Costs 33%
• Risk Factor 33%