Journal article

Authors list: Kraft, Priscilla S.; Guenther, Christina; Kammerlander, Nadine H.; Lampe, Jan

Publication year: 2022

Journal: Journal of Business Venturing

Volume number: 37

Issue number: 4

ISSN: 0883-9026

eISSN: 1873-2003

DOI Link: https://doi.org/10.1016/j.jbusvent.2022.106207

Publisher: Elsevier

Abstract: 
While research on overconfidence and entrepreneurship has grown rapidly in recent decades, extant studies provide conflicting theoretical predictions and empirical results about the role of overconfidence for entrepreneurship. To help resolve the controversy in the literature, we draw on information-processing theory to propose a theoretical framework that disentangles the influence of three types of overconfidence (i.e., overprecision, overestimation, and overplacement) in three major phases of the entrepreneurial process. The results of meta-analytical structural equation modeling (MASEM) based on 62 primary studies reveal varying effects of the three types of overconfidence in the entrepreneurial process. We discuss the implications of these findings and identify future research opportunities to advance this stream of research.

Harvard Citation style: Kraft, P., Guenther, C., Kammerlander, N. and Lampe, J. (2022) Overconfidence and entrepreneurship: A meta-analysis of different types of overconfidence in the entrepreneurial process, Journal of Business Venturing, 37(4), Article 106207. https://doi.org/10.1016/j.jbusvent.2022.106207

APA Citation style: Kraft, P., Guenther, C., Kammerlander, N., & Lampe, J. (2022). Overconfidence and entrepreneurship: A meta-analysis of different types of overconfidence in the entrepreneurial process. Journal of Business Venturing. 37(4), Article 106207. https://doi.org/10.1016/j.jbusvent.2022.106207