Peer effects and entrepreneurship
By: Ramana Nanda, Jesper B. Sørensen
Contributors: Sørensen, Jesper B.; Harvard Business School
Series: Working paper / Harvard Business School -- 08-051; Working paper (Harvard Business School) -- 08-051
Publisher: Harvard Business School
Published: 2008
Place of publication: Boston
Language: eng
Number of pages: 33
Description: We examine whether the likelihood of entrepreneurial activity depends on the prior career experiences of an individual's co-workers. We argue that peers may increase an individual's likelihood of becoming an entrepreneur through two channels: by increasing the likelihood that an individual will perceive entrepreneurial opportunities, and by increasing his or her willingness to pursue those opportunities. Our analysis uses a unique panel dataset that allows us to track the career histories of individuals across firms. We find that an individual is more likely to become an entrepreneur if his or her co-workers have been entrepreneurs before, or if the co-workers' careers involved frequent movement between firms.
Notes: "January 2008"--Publisher's web site.

Includes bibliographical references.