Hayward, Mathew L. A.; Shepherd, Dean A.; Griffin, Dale - In: Management Science 52 (2006) 2, pp. 160-172
of high venture failure rates: More confident actors are moved to start ventures, and then act on such confidence when …-making literature, we describe how founders' socially constructed confidence affects the manner in which they interpret information …, use, and attain resources. In our model, founders with greater socially constructed confidence tend to deprive their …