Choi, Young Rok; Lévesque, Moren; Shepherd, Dean A. - In: Journal of Business Venturing 23 (2008) 3, pp. 333-355
We theorize on the performance implications of the timing at which entrepreneurs stop exploring their business opportunities and start exploiting them. Using an optimal-stopping approach, we characterize the time when exploitation should begin based primarily on when an entrepreneur's ignorance...