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This paper examines financial professionals' overconfidence in their forecasting performance. We are the first to … compare individual financial professionals' self-ratings with their true forecasting performance. Data spans several years at … monthly frequency. The forecasters in our sample do not provide feasible self-ratings compared to their true performance but …
Persistent link: https://www.econbiz.de/10010270051
In this paper we present an occupational choice model for entrepreneurs, in which, based on their individual skills and on the quality of their business, entrepreneurs can keep their original business, open a new business in the same or another sector along the current business (portfolio...
Persistent link: https://www.econbiz.de/10011649488
business, and who recall their business management experience positively are likely to harbour restart intentions. Only 'being …
Persistent link: https://www.econbiz.de/10010263559
This study is the first to examine the decision to re-enter business ownership by entrepreneurs who have exited their first business using a longitudinal matched employer-employee database. This kind of data allow us to distinguish between those serial entrepreneurs who re-enter business...
Persistent link: https://www.econbiz.de/10010263804
This article studies entrepreneurial activities emerging out of one of Germany's most prominent dot.com firms: Intershop, a maker of e-commerce software. We show that Intershop spawned at least 30 spin-offs. The majority entered locally, giving rise to a small but growing software cluster and...
Persistent link: https://www.econbiz.de/10010266718
The success of new start-up firms often depends on timing. It is valuable for the potential entrepreneur to wait for the right moment before starting a new firm. In this paper we provide a theoretical model to determine the optimal time for starting a new firm. We integrate insights from the...
Persistent link: https://www.econbiz.de/10010273504
New business formation is a key driver of regional transformation and development. While we know that a region's attractiveness for new businesses depends on its resources, infrastructure, and human capital, we know little about the role of local business networks in promoting or impeding the...
Persistent link: https://www.econbiz.de/10014476147
In this paper we present an occupational choice model for entrepreneurs, in which, based on their individual skills and on the quality of their business, entrepreneurs can keep their original business, open a new business in the same or another sector along the current business (portfolio...
Persistent link: https://www.econbiz.de/10012114055
New business formation is a key driver of regional transformation and development. While we know that a region’s attractiveness for new businesses depends on its resources, infrastructure, and human capital, we know little about the role of local business networks in promoting or impeding the...
Persistent link: https://www.econbiz.de/10014472795
Persistent link: https://www.econbiz.de/10013164166