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
- Language
-
Englisch
- Bibliographic citation
-
Series: Bank of Finland Research Discussion Papers ; No. 20/2012
- Classification
-
Wirtschaft
Firm Behavior: Theory
Firm Objectives, Organization, and Behavior: General
- Subject
-
entrepreneurship
survival
optimism
overestimation
- Event
-
Geistige Schöpfung
- (who)
-
Hyytinen, Ari
Lahtonen, Jukka
Pajarinen, Mika
- Event
-
Veröffentlichung
- (who)
-
Bank of Finland
- (where)
-
Helsinki
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
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
Other Objects (12)
Household optimism and borrowing
Asymmetric information in credit markets and entrepreneurial risk taking
Factors affecting asset price expectations: Fundamentals and policy
Yrityskyselyt maksutasetilaston laadinnassa
How are the key Finnish market interest rates determined?
Suomen Pankin tase vuosina 1868-1992: Kuukausisarjat
Reconciling the new keynesian model with observed persistence
Credit constraints and durable consumption: A new empirical approach
Viron maksujärjestelmä ja sen kehittämistarpeet
Leading inflation indicators in Finland: pairwise analysis of Granger-causality and cointegration
Optimal monetary policy under heterogeneity in currency trade
Rational exchange rate and price expectations under different exchange rate regimes in Finland
Household optimism and borrowing
Asymmetric information in credit markets and entrepreneurial risk taking
Factors affecting asset price expectations: Fundamentals and policy
Yrityskyselyt maksutasetilaston laadinnassa
How are the key Finnish market interest rates determined?
Suomen Pankin tase vuosina 1868-1992: Kuukausisarjat
Reconciling the new keynesian model with observed persistence
Credit constraints and durable consumption: A new empirical approach
Viron maksujärjestelmä ja sen kehittämistarpeet
Leading inflation indicators in Finland: pairwise analysis of Granger-causality and cointegration
Optimal monetary policy under heterogeneity in currency trade
Rational exchange rate and price expectations under different exchange rate regimes in Finland
Household optimism and borrowing
Asymmetric information in credit markets and entrepreneurial risk taking
Factors affecting asset price expectations: Fundamentals and policy
Yrityskyselyt maksutasetilaston laadinnassa
How are the key Finnish market interest rates determined?
Suomen Pankin tase vuosina 1868-1992: Kuukausisarjat
Reconciling the new keynesian model with observed persistence
Credit constraints and durable consumption: A new empirical approach
Viron maksujärjestelmä ja sen kehittämistarpeet
Leading inflation indicators in Finland: pairwise analysis of Granger-causality and cointegration
Optimal monetary policy under heterogeneity in currency trade