Invernizzi Overconfidence in SMEs

Conceptualisations, Domains and Applications
1. Auflage 2018
ISBN: 978-3-319-66920-5
Verlag: Springer Nature Switzerland
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 94 Seiten

Reihe: Progress in Mathematics

This book presents a review of the role of overconfidence in small firms and explores how biased judgment and decision-making can affect business performance. Whilst the overconfidence construct has been studied in detail, there are no systematic reviews of its role in SMEs as of yet. Examining the decisions made by entrepreneurs, this study offers clear solutions on how to improve business accuracy, reduce disadvantageous investments and prevent bankruptcy. Providing an empirical analysis of overconfidence in the sport industry, this new book will not only be of interest to academics of entrepreneurship and small enterprises, but also to sport managers.

Anna Chiara Invernizzi is Assistant Professor of Business Administration at University of Eastern Piedmont Amadeo Avogadro, Italy. Her main research interests concern family businesses and local economic development. Her work has appeared, among other journals and monographs, in the International Small Business Journal.

Autoren/Hrsg.

Invernizzi, Anna

Inhaltsverzeichnis

1;Foreword;5
2;Acknowledgements;10
3;Contents;11
4;List of Figures;12
5;List of Tables;13
6;Introduction;14
7;1 Managerial Overconfidence;17
7.1;Abstract;17
7.2;1.1Behavioral Finance and Cognitive Bias;18
7.3;1.2The Approach of Big Five Model;20
7.4;1.3The Behavioral Business Finance;21
7.5;1.4The Beginning of Overconfidence: The Stock Markets;27
7.6;1.5Overconfidence in the Management Area;29
7.7;1.6Overconfidence in Small and Medium Enterprises;30
7.8;References;34
8;2 Managerial Overconfidence of Entrepreneurs: Contextual Explanations and the Aid of Technological Developments;37
8.1;Abstract;37
8.2;2.1Introduction;38
8.3;2.2Literature Review;40
8.3.1;2.2.1Overconfidence;40
8.3.2;2.2.2What Factors Could Lead to a Situation of Business Failure in SMEs;41
8.3.3;2.2.3Identify a Proxy to Recognize an Entrepreneur’s Overconfident Attitude;45
8.4;2.3Hypotheses;46
8.5;2.4Research Method: Empirical Analysis to Test Overconfidence;47
8.5.1;2.4.1Data;47
8.5.2;2.4.2Sample;49
8.6;2.5Analysis and Results;49
8.6.1;2.5.1The Three Major Dependent Variables: EBITDA, Equity, and Borrowing Costs;49
8.6.2;2.5.2The Incidence of Independent Variables;51
8.7;2.6Discussion and Conclusion;55
8.8;References;59
9;3 Level of Confidence of Male and Female Youth Soccer Players: On Detecting a False Underconfidence;66
9.1;Abstract;66
9.2;3.1Introduction;67
9.3;3.2Theoretical Framework and Hypotheses;68
9.4;3.3Study 1;71
9.4.1;3.3.1Participants;71
9.4.2;3.3.2Procedure and Design;71
9.4.3;3.3.3Results and Discussion;73
9.5;3.4Study 2;75
9.5.1;3.4.1Participants;75
9.5.2;3.4.2Procedure and Design;76
9.5.3;3.4.3Results and Discussion;76
9.6;3.5General Discussion;78
9.7;3.6Conclusion;79
9.8;3.7Extension in Other Domains;80
9.9;References;83
10;4 Closing Remarks on Overconfidence in Business and Beyond;87
10.1;Abstract;87
10.2;4.1The Epilogue;88
10.3;References;91
11;Index;93