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
978-952-462-807-5
Sprache
Englisch

Erschienen in
Series: Bank of Finland Research Discussion Papers ; No. 20/2012

Klassifikation
Wirtschaft
Firm Behavior: Theory
Firm Objectives, Organization, and Behavior: General
Thema
entrepreneurship
survival
optimism
overestimation

Ereignis
Geistige Schöpfung
(wer)
Hyytinen, Ari
Lahtonen, Jukka
Pajarinen, Mika
Ereignis
Veröffentlichung
(wer)
Bank of Finland
(wo)
Helsinki
(wann)
2012

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Hyytinen, Ari
  • Lahtonen, Jukka
  • Pajarinen, Mika
  • Bank of Finland

Entstanden

  • 2012

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