Hubris, rapid capacity expansions and the competition in de novo ventures

Hubris, rapid capacity expansions and the competition in de novo ventures

This study develops and tests the hubris theory of entrepreneurship as a means to explain the variation in failure rates amongst de novo ventures, complementing escalation and other behavioral explanations. It uses rapid increases in production capacity as a proxy for overconfidence, and firm failur...

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Bibliographic Details
Main Authors: FAN, Terence Ping Ching, Hayward, Mathew
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2010
Subjects:
Overconfidence
hubris
capacity expansion
de novo ventures
Corporate Finance
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research_smu/58
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1057&context=lkcsb_research_smu
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research_smu/58
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1057&context=lkcsb_research_smu

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