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Premature Entrepreneurial Exit: Exploring the Role of Goal Setting Bias

In: Proceedings of FIKUSZ '14


  • Matthijs H.M. Hammer

    () (Delft University of Technology)


The stimulation of entrepreneurship and the support to venture creation is widely introduced in governmental policy plans. Despite the good intentions, the failure rate of start-ups remains the same. Research on entrepreneurial exit and the design of effective prevention measures seem to be at a dead end. New perspectives might generate an impetus to this field. In this paper the goal setting theory is explored. The findings indicate that there are designations that a bias in goal setting effect premature entrepreneurial exit. In this paper important recommendations for further research are given.

Suggested Citation

  • Matthijs H.M. Hammer, 2014. "Premature Entrepreneurial Exit: Exploring the Role of Goal Setting Bias," Proceedings of FIKUSZ '14, in: Pál Michelberger (ed.),Proceedings of FIKUSZ '14, pages 97-106, Óbuda University, Keleti Faculty of Business and Management.
  • Handle: RePEc:pkk:sfyr14:97-106

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    References listed on IDEAS

    1. Mathew L. A. Hayward & Dean A. Shepherd & Dale Griffin, 2006. "A Hubris Theory of Entrepreneurship," Management Science, INFORMS, vol. 52(2), pages 160-172, February.
    2. Yancy Vaillant & Esteban Lafuente, 2007. "Do different institutional frameworks condition the influence of local fear of failure and entrepreneurial examples over entrepreneurial activity?," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 19(4), pages 313-337, July.
    3. Nabil Khelil & Ali Smida & Zouaoui Mahmoud, 2012. "Contribution à la compréhension de l'échec des nouvelles entreprises : exploration qualitative des multiples dimensions du phénomène," Post-Print halshs-00846548, HAL.
    4. Ing. Matthijs H. M. Hammer, 2012. "How Business Management benefit from Entrepreneurship," Proceedings- 10th International Conference on Mangement, Enterprise and Benchmarking (MEB 2012),, Óbuda University, Keleti Faculty of Business and Management.
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    Cited by:

    1. Nikolić Nenad & Jovanović Ivan & Nikolić Đorđe & Mihajlović Ivan & Schulte Peter, 2019. "Investigation of the Factors Influencing SME Failure as a Function of Its Prevention and Fast Recovery after Failure," Entrepreneurship Research Journal, De Gruyter, vol. 9(3), pages 1-21, July.

    More about this item


    Entrepreneurial exit; Goal Setting;


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