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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...
Persistent link: https://www.econbiz.de/10013032346
of enhanced entrepreneurial innovation. To this end, a literature review was carried out in order to develop a research … framework with factors related to imitation predicting entrepreneurial innovation. Moreover, managerial skills and … entrepreneurial skills were incorporated as predictors of entrepreneurial innovation. In this respect, a structured questionnaire was …
Persistent link: https://www.econbiz.de/10012296498
Existing management research has so far dealt with the consequences of labor turnover for established firms, but has not addressed its effect on young entrepreneurial businesses. In this paper I assess, both theoretically and empirically, the productivity effects of worker replacement in young...
Persistent link: https://www.econbiz.de/10011606997
Innovation often takes place in entrepreneurial ecosystems. We use the history of the Silicon Valley venture capital … the higher rates of entrepreneurship observed in common law countries. …
Persistent link: https://www.econbiz.de/10012660131
discuss the implications for entrepreneurship policy that can be derived from our findings …
Persistent link: https://www.econbiz.de/10013124165
New firms are regarded to be of substantial importance for the development of an economy, especially for innovation … the persons involved in young firms as drivers for the probability of firm survival. As theoretical basis, the O …-ring theory is used. This theory assumes that ability is positively and team size is negatively related to firm survival. Moreover …
Persistent link: https://www.econbiz.de/10013150785
Empirical evidence suggests that entrepreneurs make mistakes: too many enter markets and, once there, persist too long. While scholars have largely settled on behavioral bias as the cause, we suggest that this consensus is premature. These mistakes may also arise from a process in which...
Persistent link: https://www.econbiz.de/10012924966
,656 entrepreneurs and former entrepreneurs. We base our research on the theory of entrepreneurship by Edward Lazear, according to which … start a business but also positively influences the chances of business survival. The breadth of professional experience … proved to have a significant impact on business survival, but this result did not hold for extensive managerial experience. …
Persistent link: https://www.econbiz.de/10014281543
stable but face endogenous adaption when starting a new business. This adaption is associated with entrepreneurial survival … when self-employed have a higher probability of survival than similar entrepreneurs experiencing a decrease in the … becoming self-employed: in this case, a decrease in tolerance of risk is correlated with an increasing survival probability. …
Persistent link: https://www.econbiz.de/10010421510
Is it reasonable to evaluate process explanations such as effectuation using criteria that assume a world of efficient causation and linear variance? To address this question, our comment covers the following points. First, we review efforts by scholars within the management discipline to...
Persistent link: https://www.econbiz.de/10012988325