Does individual performance affect entrepreneurial mobility?
Subtitle: empirical evidence from the financial analysis market
By: Boris Groysberg, Ashish Nanda, M. Julia Prats
Contributors: Nanda, Ashish; Moreno, Maria Julia Prats; National Bureau of Economic Research
Series: NBER working paper series -- working paper 13633; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13633.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource]
Description: "Our paper contributes to the studies on the relationship between workers' human capital and their decision to become self-employed as well as their probability to survive as entrepreneurs.  Analysis from a panel data set of research analysts in investment banks over 1988-1996 reveals that star analysts are more likely than non-star analysts to become entrepreneurs.  Furthermore, we find that ventures started by star analysts have a higher probability of survival than ventures established by non-star analysts.  Extending traditional theories of entrepreneurship and labor mobility, our results also suggest that drivers of turnover vary by destination: (a) turnover to entrepreneurship and (b) other turnover.  In contrast to turnover to entrepreneurship, star analysts are less likely to move to other firms than non-star analysts"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 12/7/2007.

Includes bibliographical references.

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