“…Numerous studies indicate that entrepreneurs tend to overestimate their venture creation knowledge, ability, or likely performance; that is, to exhibit an over-confidence bias (Arend et al, 2016;Forbes, 2005;Invernizzi et al, 2017;Lee et al, 2017;Simon & Houghton, 2003). Indeed, the fact that the samples within many of these studies were predominantly comprised of men (specifically, 82.0% in Forbes, 2005;69.5% in Invernizzi et al, 2017;and, 97.0% in Lee et al, 2017), combined with the fact that men tend to be over-represented in entrepreneurial activity within most countries around the globe (Elam et al, 2021), suggests that the implicit referent against which women's ESE tends to be compared is known to be biased in the direction of over-confidence. In light of such evidence, it is plausible that a smaller portion of women possess entrepreneurial under-confidence than previously considered.…”