11 February 2022
Please join us for a webinar on Tuesday the 15th of February 2022 at 13:00 Athens time. The speaker is Elena Novelli, Bayes Business School City, University of London. The title of the talk is “When do Entrepreneurs Benefit from Acting Like Scientists? A Field Experiment in the UK".
This webinar is free and open to all. The moderator is Dr. Andreas Panagopoulos. To join us follow this Zoom link: https://zoom.us/j/96479541729?pwd=OFVEdmhqbEJHTmlDTGpuZlM3ZkxSdz09
Meeting ID: 964 7954 1729
NOTE: To get the needed password please contact Andreas Panagopoulos at least an hour prior to the webinar.
Abstract: This paper investigates whether and under what conditions a scientific approach to decision-making - which combines cognitive and evidence-based components – is associated with superior performance. We conducted a field experiment with 261 UK entrepreneurs at a different degree of business development - defined as the extent to which the firm has already developed into a continuous and sustainable market participant. Our results show that all treated firms experience a positive effect on firm size, but not on firm revenue. The treatment is associated with a positive effect on firm revenue for firms at a more advanced degree of business development. We elaborate on the implications of these results for future research.