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Nowcasting and Placecasting Entrepreneurial Quality and Performance

Guzman, Jorge - 2015

A central challenge in the measurement of entrepreneurship is accounting for the wide variation in entrepreneurial quality across firms. This paper develops a new approach for estimating entrepreneurial quality by linking the probability of a growth outcome (e.g., achieving an IPO or a...

Persistent link: https://www.econbiz.de/10012457712

Skill vs. Luck in Entrepreneurship and Venture Capital : Evidence from Serial Entrepreneurs

Gompers, Paul - 2006

. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and … for entrepreneurs without a successful track record. Similarly, more experienced venture capitalists are able to identify … and invest in first time entrepreneurs who are more likely to become serial entrepreneurs. Investments by venture …

Persistent link: https://www.econbiz.de/10012466069

Age and High-Growth Entrepreneurship

Azoulay, Pierre - 2018

the past decade. Our primary finding is that successful entrepreneurs are middle-aged, not young. The mean founder age for … successful entrepreneurs …

Persistent link: https://www.econbiz.de/10012453226

Military CEOs

Benmelech, Efraim - 2014

There is mounting evidence of the influence of personal characteristics of CEOs on corporate outcomes. In this paper we analyze the relation between military service of CEOs and managerial decisions, financial policies, and corporate outcomes. Exploiting exogenous variation in the propensity to...

Persistent link: https://www.econbiz.de/10012458882

Managerial Miscalibration

Ben-David, Itzhak - 2010

Using a unique 10-year panel that includes more than 13,300 expected stock market return probability distributions, we find that executives are severely miscalibrated, producing distributions that are too narrow: realized market returns are within the executives' 80% confidence intervals only...

Persistent link: https://www.econbiz.de/10012462440

Managerial Overconfidence and Corporate Policies

Ben-David, Itzhak - 2007

Miscalibration is a standard measure of overconfidence in both psychology and economics. Although it is often used in lab experiments, there is scarcity of evidence about its effects in practice. We test whether top corporate executives are miscalibrated, and whether their miscalibration impacts...

Persistent link: https://www.econbiz.de/10012464935

The State of American Entrepreneurship : New Estimates of the Quantity and Quality of Entrepreneurship for 15 US States, 1988-2014

Guzman, Jorge - 2016

While official measures of business dynamism have seen a long-term decline, early-stage venture financing of new companies has reached levels not observed since the late 1990s, resulting in a sharp debate about the state of American entrepreneurship. Building on Guzman and Stern (2015a; 2015b), this...

Persistent link: https://www.econbiz.de/10012456579

Serial Entrepreneurship : Learning by Doing?

Lafontaine, Francine - 2014

Among typical entrepreneurs, is the serial entrepreneur more likely to succeed? If so, why? We answer these two …

Persistent link: https://www.econbiz.de/10012458354

Lack of Selection and Limits to Delegation : Firm Dynamics in Developing Countries

Akcigit, Ufuk - 2016

Managerial delegation is essential for firm growth. While firms in poor countries often shun outside managers and … entrepreneurs have fixed-time endowments to run their daily operations. As firms grow larger, the need to delegate decision …

Persistent link: https://www.econbiz.de/10012456767

The Effects of COVID-19 on U.S. Small Businesses : Evidence from Owners, Managers, and Employees

Alekseev, Georgij - 2020

We analyze a large-scale survey of owners, managers, and employees of small businesses in the United States to …

Persistent link: https://www.econbiz.de/10012481136