The impact of positive and negative psychological affect and overconfidence from major family events on new venture survival

IF 6.2 3区 管理学 Q1 BUSINESS
Pi-Shen Seet, Wee-Liang Tan
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Abstract

This paper investigates how family events interacting with entrepreneurs’ psychological affect and overconfidence impact new venture viability. We use panel data from the Australian Household, Income and Labor Dynamics survey, focusing on family event-induced psychological affect entrepreneurs experience as a predictor of new venture survival. Our accelerated failure time model shows that although negative family events interact with entrepreneur overconfidence to spur cautious behaviour, positive events interacting with overconfidence have the biggest impact (negative) on new ventures. The study enhances our understanding of the embeddedness of family in the entrepreneurial process and challenges past research by revealing how positive family events can have a greater negative impact on new venture survival than negative ones.

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家庭重大事件带来的积极和消极心理影响以及过度自信对新企业生存的影响
本文研究了家庭事件如何与创业者的心理影响和过度自信相互作用,从而影响新创企业的生存能力。我们利用澳大利亚家庭、收入和劳动力动态调查的面板数据,重点研究了作为新创企业存活率预测因素的家庭事件引发的创业者心理影响。我们的加速失败时间模型显示,虽然负面家庭事件与创业者过度自信相互作用,刺激了谨慎行为,但与过度自信相互作用的正面事件对新创企业的影响(负面)最大。这项研究加深了我们对家庭在创业过程中的嵌入性的理解,并对过去的研究提出了挑战,揭示了积极的家庭事件对新创企业生存的负面影响如何大于消极事件。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
12.50
自引率
3.60%
发文量
29
期刊介绍: The International Entrepreneurship and Management Journal (IEMJ) publishes high quality manuscripts dealing with entrepreneurship, broadly defined, and the management of entrepreneurial organizations. The journal will expand the study of entrepreneurship and management by publishing innovative articles based on different perspectives using a variety of methodological approaches and showing the practical implications of the research for its readership. IEMJ is unique; providing a multi-disciplinary forum for researchers, scholars, consultants, entrepreneurs, businessmen, managers and practitioners in the field of entrepreneurship. The journal covers the relationship between management and entrepreneurship including both conceptual and empirical papers, leading to an improvement in the understanding of international entrepreneurial perspectives of the organisations concerned. Entrepreneurial studies are important in creating new economic activity that in turn increases innovation, employment, economic wealth and growth. The journal focuses on the diverse and complex characteristics of entrepreneurship in SMEs and large companies in local, regional, national or international markets that lead to competitiveness in the face of the effects of globalization. Though preference will be given to manuscripts that are international in scope, papers focused on domestic contexts and issues are welcome also, in order to facilitate the sharing of knowledge and potential generalizability of findings worldwide. IEMJ will publish original papers which contribute to the advancement of the field of entrepreneurship and the interface between management and entrepreneurship, as well as articles on business corporate strategy and government economic policy. On occasions, the journal will also feature case studies of successful firms or other cases having important practical implications. The journal places great emphasis on the quality of the papers it publishes. Submission of a paper will imply that it contains original unpublished work and is not being submitted for publication elsewhere. Officially cited as: Int Entrep Manag J
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