Comment les dirigeant surconfiants se comportent-ils sur des marchés concurrentiels ? Le cas du risque de chute du cours d’action

Depoers, Florence; Guizani, Assil; Lakhal, Faten

doi:10.4000/fcs.9412

Cited by 1 publication

(2 citation statements)

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“…Yang et al (2022) report that 61% of the sample of approximately 1,000 entrepreneurs from Utah State in the USA aspire to profit maximization and growth. Using a sample of French firms, Depoers et al (2022) discovered that overconfident managers believe they are maximizing the long-term value of firms. Using Global Entrepreneurship Monitor data for 71 Countries, Cie slik et al (2023) conclude that entrepreneurs have unrealistic expectations of the success of their business that may be unrealized.…”

Section: Introductionmentioning

confidence: 99%

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Unraveling the mystery: exploring managers' attraction to excessive markets and investigating behavioral biases in market entry decisions

Soleymanzadeh,

Hajipour

2024

JSMA

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PurposeThe purpose of this study is to address why managers enter the excessive market. A comparison of the facts and perceptions of entrants relative to success in the market shows that many entrants are confident about the viability of their businesses and enter the market. Accordingly, the authors simulate market entry decisions to detect behavioral biases.Design/methodology/approachThe authors adapted the entry decisions simulation method, which is supported by the theoretical foundations of signal detection theory (SDT) and signaling theory. The simulation model is implemented on the Anaconda platform and written in Python 3.FindingsThe results of this study suggest that overestimation relates to excess market entry. Also, the proportion of excess entry under difficult conditions is always higher than under easy conditions.Practical implicationsThis research helps managers and firms think about their and their competitors' abilities and evaluate them before entering the market. Policymakers and practitioners can also design programs such as experiential learning to help entrants assess their skills.Originality/valueSo far, no research has investigated the role of overconfidence under different market conditions. Accordingly, this study contributes to the current market entry literature by disentangling the debate between absolute and relative confidence and by considering the role of task difficulty.

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Section: Introductionmentioning

confidence: 99%

“…(2022) report that 61% of the sample of approximately 1,000 entrepreneurs from Utah State in the USA aspire to profit maximization and growth. Using a sample of French firms, Depoers et al. (2022) discovered that overconfident managers believe they are maximizing the long-term value of firms.…”

Section: Introductionmentioning

confidence: 99%

Unraveling the mystery: exploring managers' attraction to excessive markets and investigating behavioral biases in market entry decisions

Soleymanzadeh,

Hajipour

2024

JSMA

View full text Add to dashboard Cite

show abstract

Comment les dirigeant surconfiants se comportent-ils sur des marchés concurrentiels ? Le cas du risque de chute du cours d’action

Cited by 1 publication

References 49 publications

Unraveling the mystery: exploring managers' attraction to excessive markets and investigating behavioral biases in market entry decisions

Unraveling the mystery: exploring managers' attraction to excessive markets and investigating behavioral biases in market entry decisions

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