Overoptimism Among Founders: The Role of Information and Motivation

@article{citeulike:2719492, abstract = {This study empirically investigates factors that influence overoptimism across nascent entrepreneurs. We distinguish between two main groups of determinants (information, motivation) and three types of overoptimism (income, psychological burden, leisure time). Findings indicate that entrepreneurs who have relevant business information are more realistic and that entrepreneurs with a high level of general knowledge, acquired through education or previous (unrelated) entrepreneurial experience, are more overoptimistic. External advice and business planning do not appear to limit subsequent overoptimism. Entrepreneurs are less overoptimistic about the pecuniary or non-pecuniary benefits of self-employment when these benefits are closely related to the initial motivation for starting up the business.}, author = {Verheul, I. and Carree, Martin A. }, citeulike-article-id = {2719492}, journal = {Social Science Research Network Working Paper Series}, keywords = {behaviour, business, economics, estimation, startup}, posted-at = {2008-04-25 22:15:01}, priority = {2}, title = {Overoptimism Among Founders: The Role of Information and Motivation}, url = {http://ssrn.com/abstract=1117785} }

TY - JOUR ID - citeulike:2719492 L3 - citeulike-article-id:2719492 TI - Overoptimism Among Founders: The Role of Information and Motivation JF - Social Science Research Network Working Paper Series N2 - This study empirically investigates factors that influence overoptimism across nascent entrepreneurs. We distinguish between two main groups of determinants (information, motivation) and three types of overoptimism (income, psychological burden, leisure time). Findings indicate that entrepreneurs who have relevant business information are more realistic and that entrepreneurs with a high level of general knowledge, acquired through education or previous (unrelated) entrepreneurial experience, are more overoptimistic. External advice and business planning do not appear to limit subsequent overoptimism. Entrepreneurs are less overoptimistic about the pecuniary or non-pecuniary benefits of self-employment when these benefits are closely related to the initial motivation for starting up the business. KW - behaviour KW - business KW - economics KW - estimation KW - startup AU - Verheul, I AU - Carree, Martin UR - http://ssrn.com/abstract=1117785 ER -