Sleep and entrepreneurs' abilities to imagine and form initial beliefs about new venture ideas |
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| Institution: | 1. University of Central Florida, Orlando, FL 32816, United States;2. University of Oregon, Eugene, OR 97403, United States;3. HEC Montréal, Montréal, QC H3T 2A7, Canada;4. University of Washington, Seattle, WA 98195, United States;1. Technical University of Munich, TUM School of Management, Arcisstr. 21, 80333 München, Germany;2. Université Libre de Bruxelles, Solvay Brussels School Economics and Management, Avenue FD Roosevelt 50, 1050 Brussels, Belgium;3. University of Oklahoma, Price College of Business, 307 W. Brooks St., Norman, OK 73069, United States;4. Mendoza College of Business, University of Notre Dame, Notre Dame, IN 46556, United States;1. Friedrich Schiller University Jena, Faculty of Economics and Business Administration, Carl-Zeiss Str. 3, 07743 Jena, Germany;2. John Cabot University Rome, Via della Lungara 233, 00165 Rome, Italy;3. Research Fellow at the Kiel Institute for the World Economy (IfW Kiel), Germany;4. Research Affiliate at the Institute of Labor Economics (IZA Bonn), Germany;5. University of Groningen, Faculty of Economics and Business, Nettelbosje 2, 9747 AE Groningen, the Netherlands;1. Department of Entrepreneurship, College of Business Administration, Central Michigan University, Mt. Pleasant, MI 48859, United States;2. Department of Management, Information Systems, and Entrepreneurship, Carson College of Business, Washington State University, Pullman, WA 99164, United States;3. School of Business and College of Entrepreneurship, University of the Thai Chamber of Commerce, Din Daeng Bangkok, 10400, Thailand |
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| Abstract: | In spite of enthusiastic encouragements, theories of entrepreneurship still poorly explain the influence of physiological resources and dynamics on entrepreneurs' abilities to perform cognitive tasks known to enable entrepreneurial action. To advance research in this area, we develop and test new theoretical notions about sleep's effects on entrepreneurs' abilities to imagine promising new venture ideas, and to form initial beliefs about the attractiveness of such ideas. Results from three studies, including a self-comparison study over time and a randomized sleep deprivation experiment, show that a good night of sleep positively influences entrepreneurs' abilities to perform cognitive tasks at the very basis of entrepreneurial pursuits, whereas shortchanging sleep can yield suboptimal performance. |
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