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I theoretically develop and empirically investigate the role of industry and startup experience on the forecast performance of 2,304 entrepreneurs who have started new businesses. Using the Kauffman Firm Survey I show that industry experience is associated with more accurate and less biased...
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All firm performance measurement requires knowledge of or assumptions about the firm's objectives. I provide a framework for the firm's objective function based on the extent to which owners differ in the utility derived from alternative firm actions and outcomes. I theorize as owner utility...
Persistent link: https://www.econbiz.de/10013082958
We examine hedge fund risk management practices and their association with left-tail risk during the 2008 financial crisis. Consistent with risk management practices reducing left-tail risk, funds in our sample that use formal risk models performed significantly better in the extreme down months...
Persistent link: https://www.econbiz.de/10009349686
I theoretically develop and empirically investigate the role of industry and startup experience on the forecast performance of 2,304 entrepreneurs who have started new businesses. Using the Kauffman Firm Survey I show that industry experience is associated with more accurate and less biased...
Persistent link: https://www.econbiz.de/10014164057
This paper investigates causal relationships between planning and performance utilizing a longitudinal database with responses from the same 2,956 businesses over a four-year period. Results confirm the association between planning activity and performance that is evident in most extant...
Persistent link: https://www.econbiz.de/10014046528
This study investigates how entrepreneur opportunity costs influence the intended future size of new ventures. In particular, using a survey of nascent entrepreneurs in the process of starting a venture, this paper examines how intended future sales revenue is influenced by entrepreneur current...
Persistent link: https://www.econbiz.de/10014058621