Firms often conduct external search for new opportunities, but not all search leads to growth. Integrating traditional explanations of search from behavioral theory with biological foraging models, we explain how absorptive capacity together with financial slack influence breadth or depth of...

Do entrepreneurs have optimism in subsistence economies, and if so, how does it influence entrepreneurial outcomes? We investigate this question by taking the situated view of optimism. We reason that variations in optimism are a function of the type of opportunity pursued and the diversity of...