Arbeitspapier
Entrepreneurial optimism and survival
This paper uses entrepreneurs´ survival expectations around the time of market entry and subsequent venture exits to study entrepreneurial optimism. Using data on a large number of nascent entrepreneurs in the US and start-ups in Finland, we find that new entrepreneurs´ survival beliefs are on average optimistic but heterogeneous: Some are excessively optimistic, whereas a small subset holds unbiased beliefs. Entrepreneurial optimism is increasing in the relative (interpersonal) optimism and de- creasing in entrepreneurs´ level of education and industry experience in both countries. At least in Finland, those holding optimistic views are more likely to transit into entrepreneurship.
- ISBN
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978-952-462-807-5
- Language
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Englisch
- Bibliographic citation
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Series: Bank of Finland Research Discussion Papers ; No. 20/2012
- Classification
-
Wirtschaft
Firm Behavior: Theory
Firm Objectives, Organization, and Behavior: General
- Subject
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entrepreneurship
survival
optimism
overestimation
- Event
-
Geistige Schöpfung
- (who)
-
Hyytinen, Ari
Lahtonen, Jukka
Pajarinen, Mika
- Event
-
Veröffentlichung
- (who)
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Bank of Finland
- (where)
-
Helsinki
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hyytinen, Ari
- Lahtonen, Jukka
- Pajarinen, Mika
- Bank of Finland
Time of origin
- 2012
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A market based approach to maintaining systemic stability: experiences from New Zealand
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