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"I Think I Can, I Think I Can": Overconfidence and Entrepreneurial Behavior

Köllinger, Philipp; Minniti, Maria; Schade, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005

Many firms fail shortly after inception. Yet individuals continue starting businesses. Prewar economists such as Keynes invoked animal spirits and stressed psychological factors in their explanations of economic behavior. Using a large sample obtained from surveys conducted in 18 countries, we...

Persistent link: https://www.econbiz.de/10005068936

Entrepreneurial Overconfidence: Evidence from a C.A.R.T. Approach

Köllinger, Philipp; Minniti, Maria; Schade, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005

We use a sample of 18 countries to study what variables have a significant impact on an individual's decision to start a new business and classification and regression trees for an accurate interpretation of the data. Our results support existing literature suggesting the existence of strong...

Persistent link: https://www.econbiz.de/10005069086

Can socioeconomic heritage produce a lost generation with regard to entrepreneurship?

Wyrwich, Michael - In: Journal of Business Venturing 28 (2013) 5, pp. 667-682

A considerable amount of literature deals with the influence of institutions on entrepreneurship. But for all that …, little is known about the interplay between institutions and personal determinants of entrepreneurship. In this paper, the …. The results show that the socioeconomic heritage of being exposed to socialism deters entrepreneurship, an effect that is …

Persistent link: https://www.econbiz.de/10010681738

Are entrepreneurs influenced by risk attitude, regulatory focus or both? An experiment on entrepreneurs' time allocation

Burmeister-Lamp, Katrin; Lévesque, Moren; Schade, Christian - In: Journal of Business Venturing 27 (2012) 4, pp. 456-476

“Hybrid entrepreneurs” — those who maintain a wage job while starting a new enterprise — outnumber pure entrepreneurs in many countries. Yet, how hybrid entrepreneurs allocate their working hours between these two activities is not well understood. To better understand the relationship...

Persistent link: https://www.econbiz.de/10011040330

The Long Persistence of Regional Entrepreneurship Culture: Germany 1925 - 2005

Fritsch, Michael; Wyrwich, Michael - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

and drastic changes in the politic-economic environment. We thus conclude that regional entrepreneurship cultures do exist …

Persistent link: https://www.econbiz.de/10010896194