Overconfidence in SMEs - Conceptualisations, Domains and Applications

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.

List of contents

1. Managerial Overconfidence.- 2. Managerial Overconfidence of Entrepreneurs: Contextual Explanations and the Aid of Technological Developments.- 3. Level of Confidence of Male and Female Youth Soccer Players: On Detecting a False Underconfidence.- 4. Closing Remarks on Overconfidence in Business and Beyond.

About the author

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.

Summary

Introduces the concept of entrepreneurial and managerial overconfidence Investigates the detrimental effects of overconfidence in a small business environment
Offers insight into how to avoid overconfidence in managerial contexts 

Product details

• Authors: Anna Invernizzi, Anna Chiara Invernizzi
• Publisher: Springer, Berlin
• Languages: English
• Product format: Hardback
• Released: 01.01.2017
• EAN: 9783319669199
• ISBN: 978-3-31-966919-9
• No. of pages: 80
• Dimensions: 159 mm x 218 mm x 13 mm
• Weight: 235 g
• Illustrations: XXI, 80 p. 3 illus.
• Subjects: Social sciences, law, business > Business > Business administration; Management, Operations Research, C, Leadership, Human Resource Management, Business and Management, Business Strategy/Leadership, Entrepreneurship, Knowledge Management, small business, Operations Research/Decision Theory, Operations Research and Decision Theory, business strategy, Personnel & human resources management, Management decision making, Management science, Operational research, Decision Making, Management—Study and teaching, Management Education