We present a theory of entrepreneurial behavior that explores the relationship between overconfidence and successful firm outcomes, such as acquisition or IPO. In our model, increasing overconfidence produces two conflicting effects on the probability of a successful outcome: it not only induces...

I examine whether and how outside expertise of directors matters for start-up companies. I exploit the fact that some directors sit on multiple boards simultaneously and study the effects of director attention on a focal company’s performance and growth. Identification comes from leveraging...

"This book presents the challenges and opportunities that entrepreneurs in different countries face at various developmental stages by providing examples of successful applications of an elusive concept that has helped many countries move up the developmental ladder"--Provided by publisher.

"This book presents the challenges and opportunities that entrepreneurs in different countries face at various developmental stages by providing examples of successful applications of an elusive concept that has helped many countries move up the developmental ladder"--