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
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Wirtschaft
Firm Behavior: Theory
Firm Objectives, Organization, and Behavior: General
- Subject
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entrepreneurship
survival
optimism
overestimation
- Event
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Geistige Schöpfung
- (who)
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Hyytinen, Ari
Lahtonen, Jukka
Pajarinen, Mika
- Event
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Veröffentlichung
- (who)
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Bank of Finland
- (where)
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Helsinki
- (when)
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2012
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Hyytinen, Ari
- Lahtonen, Jukka
- Pajarinen, Mika
- Bank of Finland
Time of origin
- 2012