Entrepreneurs’ Over-optimism During the Early Life Course of the Firm

Kambourova, Zornitza; Stam, Erik

doi:10.1007/978-3-319-62009-1_15

Cited by 5 publications

(6 citation statements)

References 31 publications

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“…Thus, by the late 1980s, scholars came to the conclusion that there was no consistent relationship between personality and entrepreneurship and further arguments based on the trait paradigm were often discredited (e.g., Brockhaus & Horwitz, 1986;Gartner, 1988). Other variables such as, self-efficacy (Wang et al, 2016;Zhao, Siebert and Hills, 2005) and over-optimism (Baron, 1998;Hmieleski and Baron, 2009;Kambourova and Stam, 2017) have been subsequently examined within the entrepreneurship literature as researchers found that personality worked better as a predictor of behaviour when coupled with other factors related to motivations and cognitions (Code & Langan-Foz, 2001;Naffziger, 1995).…”

Section: Personality Theory and Entrepreneurshipmentioning

confidence: 99%

Artisan entrepreneurship: a question of personality structure?

Hoyte

2018

IJEBR

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Purpose The purpose of this paper is to examine the role of culture in artisan entrepreneurship. It is argued that culture plays a critical role in entrepreneurial behaviour as culture is a key determinant of what it means to be a person. The concept of culture is explored from a micro level of analysis therefore, conceptualising culture from the perspective of the individual entrepreneur’s personality. The main research question being investigated within this paper is: whether artisan entrepreneurs share common personality traits with other entrepreneur groups, using the five factor model (FFM) of personality as the basis of the conceptual model presented herein. Design/methodology/approach A literature review on the emerging field of artisan entrepreneurship, followed by a review of the literature on personality theory and entrepreneurship. Then, drawing upon the FFM of personality, a conceptual framework is introduced which proposes a relationship between the Big Five personality traits and four dimensions of artisan entrepreneurship such as cultural heritage, community entrepreneurship, craftsmanship and innovation, developed from concepts derived from extant literature. Findings The theoretical contribution is in the form of propositions. Four propositions have been formulated around the entrepreneurial personality of artisan business owners for each of the four dimensions: cultural heritage, community entrepreneurship, craftsmanship and innovation. Originality/value The paper is the first to propose a relationship between the Big Five personality dimensions and the likelihood of starting and/or running a business among an entrepreneur group rather than explaining personality differences among entrepreneur and non-entrepreneur groups. The focus of the paper is specifically on artisan entrepreneurs and it has been proposed that the personality trait of agreeableness is important in the decision to start a cultural-based business. It has also been proposed that artisan entrepreneurs possess personal characteristics of openness to newness and openness to innovation that are integral to regional development.

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Section: Personality Theory and Entrepreneurshipmentioning

confidence: 99%

Artisan entrepreneurship: a question of personality structure?

Hoyte

2018

IJEBR

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“…Incluso más, dado que el emprendimiento es tanto un proyecto económico como existencial, en el que la conducta de las personas y la decisión de emprender, o de persistir en la actividad empresarial -a veces aún a pesar de malos resultados económicos -, no sólo se ve influido por incentivos tradicionales (Storey, 2011;Kambourova y Stam, 2016). Este rasgo comportamental, distante del "individuo representativo" y del homo economicus "maximizador" y racional, vuelve más complejo el fenómeno y engrosa los elementos "no observables".…”

Section: Oscuridades Relacionadas Con El Emprendimiento Y La Teoría Del Cambiounclassified

Tensiones y desafíos en la evaluación del impacto de las políticas de emprendimiento

Kantis

Federico

Girandola

2020

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Las políticas de apoyo al emprendimiento están ganado espacio en las agendas de la mayoría de los países del mundo. En este marco, es cada vez más necesario disponer de evidencias que permitan valorar la contribución efectiva de estas políticas y conocer cuáles funcionan y cuáles no. Esta necesidad llevó a una creciente difusión de las evaluaciones de impacto, principalmente a partir de la utilización de herramientas econométricas. Sin embargo, las características propias del fenómeno del emprendimiento desafían y ponen en tensión varios de los supuestos subyacentes a este tipo de evaluaciones. En este trabajo se propone identificar y discutir cuáles son estos desafíos y tensiones, y a partir de estas reflexiones propone un marco integrador de un sistema de evaluación y aprendizaje que combine diferentes metodologías y miradas sobre la política y su implementación. y que permita abrir "la caja negra" del emprendimiento y de las intervenciones.

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“…(2010) compared expectations of entrepreneurs as to the success of their own ventures with their assessment of chances of success of other similar businesses. Verheul and Carree (2008) and Kambourova and Stam (2016) asked respondents retrospectively whether the outcomes of their new venture were worse, in line or better than their initial expectations. However, these techniques did not address the issue of self-reporting bias.…”

Section: Measuring Individual-level Overconfidencementioning

confidence: 99%

Country-level determinants and consequences of overconfidence in the ambitious entrepreneurship segment

Cieślik

Kaciak

Stel

2018

International Small Business Journal

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Countries vary widely and systematically in the extent to which the ambitions of their entrepreneurs differ from their realisations. We label this discrepancy entrepreneurial overconfidence (EOC). Although a certain level of EOC may be beneficial for an economy, we provide empirical support for the argument that if entrepreneurial ambitions substantially and systematically exceed realisations, this may be at the cost of economic and societal prosperity. Therefore, we need to know more about country levels of EOC and their determinants, particularly with respect to the growth-oriented segment of entrepreneurship. Combining data on entrepreneurial ambitions from Global Entrepreneurship Monitor and data on realisations from Eurostat, we construct a measure of EOC at the country level and correlate its variation across 23 European Union (EU) countries over the period 2004–2015 with a set of economic and cultural factors. Among other findings, our results show that ambitions exceed realisations in almost all countries, but that this discrepancy is significantly greater for new member countries entering the EU since 2004. Policy implications of our results are discussed, particularly for promoting ambitious entrepreneurship in countries at the intermediate development stage.

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Entrepreneurs’ Over-optimism During the Early Life Course of the Firm

Cited by 5 publications

References 31 publications

Artisan entrepreneurship: a question of personality structure?

Artisan entrepreneurship: a question of personality structure?

Tensiones y desafíos en la evaluación del impacto de las políticas de emprendimiento

Country-level determinants and consequences of overconfidence in the ambitious entrepreneurship segment

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