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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Blinded by a social cause? Differences in cognitive biases between social and commercial entrepreneurs
Organization Unit
Authors
  • Nadine Hietschold
  • Christian Vögtlin
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Journal of Social Entrepreneurship
Publisher Taylor & Francis
Geographical Reach international
ISSN 1942-0684
Volume 13
Number 3
Page Range 431 - 452
Date 2022
Abstract Text How are social entrepreneurs different from commercial entrepreneurs? This study sheds light on this issue by applying the perspective of entrepreneurial cognition and by arguing that social entrepreneurs are even more susceptible to cognitive biases than commercial entrepreneurs. The empirical study of 205 Swiss entrepreneurs could confirm that social entrepreneurs tend to be more overconfident and prone to escalation of commitment than commercial entrepreneurs, while the study found no differences for illusion of control. The findings indicate that cognitive biases are an important puzzle piece to understand the differences between social and commercial entrepreneurs.
Free access at DOI
Digital Object Identifier 10.1080/19420676.2021.1880466
Other Identification Number merlin-id:22140
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