|
|||||
|
|
The nature of entrepreneurial experience,business failure and comparative optimism |
|
| Authors: | Deniz Ucbasaran Paul Westhead Mike Wright Manuel Flores |
| Affiliation: | 1. Nottingham University Business School, Jubilee Campus, Wollaton Road, Nottingham, NG8 1BB, England, UK;2. Durham Business School, Durham University, Mill Hill Lane, Durham City, DH1 3LB, England, UK;3. Bodø Graduate School of Business, Norway;4. Center for Management Buy-out Research, Nottingham University Business School, Jubilee Campus, Wollaton Road, Nottingham, NG8 1BB, England, UK;5. Erasmus University, Netherlands;6. Lancaster University Management School, Bailrigg, Lancaster, LA1 4YW, England, UK |
| Abstract: | Entrepreneurial (i.e. business ownership) experience may enable some entrepreneurs to temper their comparative optimism in subsequent ventures. The nature of entrepreneurial experience can shape how entrepreneurs adapt. Using data from a representative survey of 576 entrepreneurs in Great Britain, we find that experience with business failure was associated with entrepreneurs who are less likely to report comparative optimism. Portfolio entrepreneurs are less likely to report comparative optimism following failure; however, sequential (also known as serial) entrepreneurs who have experienced failure do not appear to adjust their comparative optimism. Conclusions and implications for entrepreneurs and stakeholders are discussed. |
| Keywords: | Comparative optimism Entrepreneurial experience Business failure experience Habitual (repeat) entrepreneurs Sequential (serial) and portfolio entrepreneurs |
| 本文献已被 ScienceDirect 等数据库收录！ | |