The nature of entrepreneurial experience, business failure and comparative optimism

Ucbasaran, Deniz; Westhead, Paul; Wright, Mike; Flóres, Manuel Alejandro Cardenete

doi:10.1016/j.jbusvent.2009.04.001

Cited by 420 publications

(403 citation statements)

References 55 publications

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“…To reduce the problem of common-methods bias and to improve construct validity, studies need to complement information from key informants with information from secondary sources. Future studies may consider finer measures of the extent and nature of prior entrepreneurial experience (Ucbasaran et al, 2010). Additional research is warranted to explore whether firms that obtain formal VC subsequently report superior levels of performance, whilst controlling for potential selection-bias issues relating to USO ability to obtain formal VC.…”

Section: Discussionmentioning

confidence: 99%

Formal Venture Capital Acquisition: Can Entrepreneurs Compensate for the Spatial Proximity Benefits of South East England and ‘Star’ Golden-Triangle Universities?

2012

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IntroductionDespite inconclusive evidence about the role of universities in local economic development (Rutten and Boekema, 2009), governments are encouraging them to become more entrepreneurial (Lawton Smith and Ho, 2006). Universities can commercialise research knowledge and intellectual property (IP) through developing university spinouts (USOs), to stimulate local economic development through multiplier effects. Those universities which are more successful at commercialising knowledge in the United Kingdom are generally more prestigious and resource rich, and possess better networks with external organisations (Huggins, 2008).`Star' universities such as Oxford, Cambridge, Imperial College, and University College London report the greatest research income, and largest numbers of USOs, patents, and licences (Lawton Smith, 2007).A major challenge faced by USOs in exploiting entrepreneurial opportunities is to mobilise resources (Druilhe and Garnsey, 2004). Formal venture capital (VC)

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Section: Discussionmentioning

confidence: 99%

Formal Venture Capital Acquisition: Can Entrepreneurs Compensate for the Spatial Proximity Benefits of South East England and ‘Star’ Golden-Triangle Universities?

2012

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“…Failure has been conceptualized in a number of ways, including as the discontinuity of ownership (for a review, see Singh, Corner, & Pavlovich, 2007), bankruptcy (e.g., , and discontinuity caused either by insolvency (Coelho & McClure, 2005; or by performance below the decision makers' threshold (e.g., Ucbasaran, Westhead, Wright, & Flores, 2010). Indeed, Ucbasaran et al (2013, p. 175) defined business failure as "the cessation of involvement in a venture because it has not met a minimum threshold for economic viability as stipulated by the (founding) entrepreneur."…”

Section: Defining Entrepreneurial Failuresmentioning

confidence: 99%

“…While research has begun exploring the "hot cognitions" related to failure for entrepreneurs, there has been limited research exploring the implications of multiple failures (for exceptions, see Ucbasaran, Westhead, & Wright, 2009;Ucbasaran et al, 2010). For instance, are the psychological costs of a second failure different than those of a first failure, and if so, how?…”

Section: The Emotional Implications Of Entrepreneurial Failurementioning

confidence: 99%

Researching Entrepreneurial Failures

Shepherd

Patzelt

2017

Trailblazing in Entrepreneurship

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“…Zhou (2007) applied an investigation on the effects of entrepreneurial proclivity and foreign market knowledge on early internationalization. Ucbasaran et al (2010) studied on the nature of entrepreneurial experience, business failure and comparative optimism. Lin (2006) studied on the trends of entrepreneurial behaviors of enterprises in various strategies.…”

Section: Introductionmentioning

confidence: 99%

An empirical investigation on psychological characteristics of entrepreneurs

Abtahi¹,

Edrisi²,

Abbasi³

2013

10.5267/j.msl

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This paper presents an empirical investigation on psychological characteristics of entrepreneurs in one of Iranian universities located in city of Zanjan, Iran. The proposed study of this paper uses a standard questionnaire in Likert scale and concentrates on three components of locus of control, risk taking and tolerance of ambiguity. The study chooses a sample of 350 out of 11,000 students who were enrolled in various areas and detected that students maintained higher level of risk taking (t-student = 10.999, P-value = 0.000), higher level of locus of control (t-student = 29.708, P-value = 0.000) and lower level of tolerance of ambiguity (tstudent = -13.584, P-value = 0.000).

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The nature of entrepreneurial experience, business failure and comparative optimism

Cited by 420 publications

References 55 publications

Formal Venture Capital Acquisition: Can Entrepreneurs Compensate for the Spatial Proximity Benefits of South East England and ‘Star’ Golden-Triangle Universities?

Formal Venture Capital Acquisition: Can Entrepreneurs Compensate for the Spatial Proximity Benefits of South East England and ‘Star’ Golden-Triangle Universities?

Researching Entrepreneurial Failures

An empirical investigation on psychological characteristics of entrepreneurs

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