Everett, Craig R.; Fairchild, Richard J. - In: The Journal of Entrepreneurial Finance (JEF) 17 (2015) 1, pp. 1-26
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 … this conflict, a kinked or U-shaped relationship may exist between overconfidence and positive outcomes. Furthermore, our …