Traditional finance and economic theories provide many concepts and useful solutions to the main problems involving decision making under risk and uncertainty. However, all these approaches are based on the assumption that economic agents are rational.
When considering entrepreneurs, who make decisions to start a new venture in a complex setting and manage many quantifiable and non quantifiable risks in the course of their business, the assumption of rationality is strongly debatable. The same remark applies to investors, and particularly VCs, who choose such ventures for investment purposes.
The academic field of behavioural finance offers the opportunity to include psychological, social and emotional characteristics in the analysis of entrepreneurs and VCs financial decisions.
With this issue, we intend to cover the whole spectrum of behavioural topics in entrepreneurial finance as outlined below. We welcome conceptual and empirical research.
Topics include, but are not limited to, the following:
- Decision making of entrepreneurs / VCs
- Behavioural corporate finance: financing / investment / firm failure / exit
- Behavioural biases of entrepreneurs
- Attitudes towards risk / risk perception
- Entrepreneurs' psychological profile
- Entrepreneurs' financial literacy
Important Dates
Submission of manuscripts: 15 June, 2014
Notification to authors: 15 July, 2014
Final versions due: 15 August, 2014
Notification to authors: 15 July, 2014
Final versions due: 15 August, 2014
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