Livengood, R. Scott (2012) Thanks, but No Thanks: Examining Entrepreneurial Optimism, External Funding, Joint Venture Partnerships, and New Venture Performance. Proceedings of the New Frontiers in Management and Organizational Cognition Conference. ISSN 978-1-909561-01-4

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Abstract

Using a proprietary dataset of entrepreneurs receiving a government technology award, I explore how entrepreneurial optimism can impact the decision to accept external funding , to enter into joint ventures, and on firm performance. Although prior research suggests optimism about the success of a venture might motivate entrepreneurs to seek outside funding and to enter in to joint venture partnerships (with mixed results on performance), how high levels of optimism would instead motivate entrepreneurs to not receive such outside help is explored. Results suggest optimism has a non-linear relationship with accepting outside help, which leads founders to receive less external funding and instead choose to “go it alone.” Further, results show rewards for highly optimistic entrepreneurs, which is contrary to previous findings and has implications for researchers and practitioners alike.

Item Type:	Article
Keywords:	Entrepreneurial Optimism; External Funding; Joint Venture Partnerships; New Venture Performance; Managerial and Organizational Cognition;
Academic Unit:	Faculty of Social Sciences > School of Business
Item ID:	4048
Depositing User:	Professor Robert Galavan
Date Deposited:	20 Dec 2012 11:05
Journal or Publication Title:	Proceedings of the New Frontiers in Management and Organizational Cognition Conference
Publisher:	National University of Ireland Maynooth
Refereed:	Yes
URI:	Publisher
Use Licence:	This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

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