Industry and startup experience on entrepreneur forecast performance in new firms

Gavin Cassar ()

Journal of Business Venturing, 2014, vol. 29, issue 1, 137-151

Abstract: I theoretically develop and empirically investigate the role of industry and startup experience on the forecast performance of 2304 entrepreneurs who have started new businesses. Using the Kauffman Firm Survey I show that industry experience is associated with more accurate and less biased entrepreneur expectations. Further, the benefit of industry experience on entrepreneurial forecast performance is greater in high-technology industries. These findings are consistent with knowledge of the setting informing entrepreneurial decision making, especially in highly uncertain environments. However, in contrast to the prevailing view in the literature, I find no significant evidence that startup experience improves entrepreneurial forecast performance.

Keywords: Entrepreneur; Expectations; Experience; Forecasts; Technology (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (75)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:29:y:2014:i:1:p:137-151

DOI: 10.1016/j.jbusvent.2012.10.002

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