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Entrepreneurs embrace competition

Evidence from a lab-in-the-field study

Dados Bibliográficos

ID14869764
AutoresDiemo Urbig (0000-0002-8899-9722, University of Wuppertal, autor correspondente), Werner Bönte (0000-0002-2923-5423, University of Wuppertal), Vivien Procher (0000-0003-1135-8705, RWI – Leibniz Institute for Economic Research), Vivien D Procher, Sandro Lombardo (University of Wuppertal)
Ano2020
Volume55
Fascículo1
Páginas193-214
Data de publicação2020-06-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoSmall Business Economics (JOURNAL)
Identificadores do periódicoISSN: 0921-898X • E-ISSN: 1573-0913
EditoraSpringer Science and Business Media LLC (PUBLISHER)
DOI10.1007/s11187-019-00141-0
OpenAlexW2917758969
IdiomaEN
Citações recebidas5
Referências citadas67

Referring to Isreal M. Kirzner (1973) and Schumpeter (1934), who emphasized the competitive nature of entrepreneurship, this study investigates whether potential and revealed entrepreneurs are more likely to seek competition than non-entrepreneurs. We provide a conceptual framework that links entrepreneurship to three facets of individual competitiveness drawn from economic, entrepreneurship, and psychological research: a desire to win, striving for personal development, and an enjoyment of competition. Following economic research linking competitive behavior in experiments to career choices, we conduct a lab-in-the-field study and demonstrate that entrepreneurs are more likely to enter competitions than non-entrepreneurs. Accounting for individual desires to win and mastery-related achievement motivations, our results indicate that entrepreneurs tend to enter competition for the sake of competition itself rather than for the prospect of winning it or personal development. Our results suggest that enjoyment of competition might be an additional factor driving entrepreneurs’ market entry decisions beyond well-known factors like overconfidence and risk-taking

Business · Competition (biology · Economics · Entrepreneurship · Field (mathematics · New Ventures · Overconfidence effect · Entrepreneurship Studies and Influences · Experimental Behavioral Economics Studies · Innovations in Educational Methods · Psychology · Social Psychology · Marketing

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Obras citantes distintas5
Citações por ano0,31
Intervalo de citações2010 - 2026 (17)
Velocidade de citaçãocurrent
Altamente citadoNão
Tipos de citaçãoNeutras: 4
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