Extant research shows that entrepreneurs are typically overly optimistic about their ventures' prospects, and that such optimism hampers performance. We analyze how dispositional optimism affects the adjustments to entrepreneurs' expectations after they receive negative feedback on their task...

We analyze whether gender interactions at the top of the corporate hierarchy affect corporate performance. Using a comprehensive data set of family-controlled firms in Italy, we find that female directors significantly improve the operating profitability of female-led companies. To mitigate...

A vast literature in economics has focused on the role of culture in financial development and growth. Here, I review works which have adopted a cultural perspective to the study of family businesses. While family firms are ubiquitous, their prevalence displays wide spatial differences. Also,...