Code for: Stereotypes About Successful Entrepreneurs

Principal Investigator(s): View help for Principal Investigator(s) Victor Lyonnet, The Ohio State University; Léa Stern, University of Washington

Version: View help for Version V1

Name	File Type	Size	Last Modified
Replication_files			04/30/2023 04:06:PM

Project Citation:

Lyonnet, Victor, and Stern, Léa . Code for: Stereotypes About Successful Entrepreneurs. Nashville, TN: American Economic Association [publisher], 2023. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-05-03. https://doi.org/10.3886/E190484V1

Project Description

Summary: This is code accompanying the article "Stereotypes About Successful Entrepreneurs". The article asks what comes to mind when thinking about a successful entrepreneur. Belief formation models suggest that what comes to mind is an oversimplified picture of the characteristics of successful entrepreneurs, i.e, stereotypes about successful entrepreneurs. Using French administrative data on 48,767 new firms, we show that some characteristics are stereotypical of success and have distributions that can generate miscalibrated beliefs. To illustrate how stereotypical thinking can lead to biased assessments, we report the discrepancies between the implied fraction of successful entrepreneurs under Bayesian vs. stereotypical thinking for several stereotypes. We discuss the consequences of stereotyping for venture capital allocation.

Scope of Project

Subject Terms: entrepreneurship; startups; deal selection; stereotypes; venture capital

JEL Classification:
      G24 Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
      G41 Behavioral Finance: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
      J16 Economics of Gender; Non-labor Discrimination
      L26 Entrepreneurship
      M13 New Firms; Startups

Data Type(s): program source code

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V1 [2023-05-03]

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