Overoptimism and the Performance of Entrepreneurial Firms
Abstract
Recent theoretical and empirical research on cognitive bias in decision making suggests that overoptimism critically influences entrepreneurs’ decisions to establish and sustain new ventures. We investigate whether such cognitive bias influences entrepreneurial venture performance using data on commercialization efforts for university inventions. In contrast to prior studies, our results suggest that entrepreneurial overoptimism does not appear...
Paper Details
Title
Overoptimism and the Performance of Entrepreneurial Firms
Published Date
Feb 1, 2006
Journal
Volume
52
Issue
2
Pages
173 - 186
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