The nature of entrepreneurial experience, business failure and comparative optimism
Ucbasaran, Deniz, Westhead, Paul, Wright, Mike and Flores, Manuel. (2010) The nature of entrepreneurial experience, business failure and comparative optimism. Journal of Business Venturing, Vol.25 (No.6). pp. 541-555. ISSN 0883-9026Full text not available from this repository.
Official URL: http://dx.doi.org/10.1016/j.jbusvent.2009.04.001
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.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management|
|Divisions:||Faculty of Social Sciences > Warwick Business School > Centre for Small & Medium-Sized Enterprises
Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management
Faculty of Social Sciences > Warwick Business School
|Journal or Publication Title:||Journal of Business Venturing|
|Number of Pages:||15|
|Page Range:||pp. 541-555|
|Access rights to Published version:||Restricted or Subscription Access|
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