Entrepreneurship among knowledge workers
Subtitle: evidence from equity analyst market
By: Boris Groysberg, Ashish Nanda, M. Julia Prats
Contributors: Nanda, Ashish; Prats, M. Julia; Harvard Business School. Division of Research
Series: Working paper / Division of Research, Harvard Business School -- 02-011; Working paper (Harvard Business School. Division of Research) -- 02-011
Publisher: Division of Research, Harvard Business School
Published: 2001
Place of publication: Boston
Language: eng
Number of pages: 48
Description: What drives entrepreneurship activity among knowledge workers? Are stars more likely to become entrepreneurs? Analysis of entrepreneurial efforts from a panel data set of equity research analysts in investment banks over 1988-1996 (9,531analyst-year combinations representing 2, 602 individual analysts from 24 firms) reveals that (a) star knowledge workers are more likely than their non-star counterparts to become entrepreneurs, (b) the probability of entrepreneurial turnover for knowledge workers is greater in underperforming firms, and (c) the entrepreneurial activity of knowledge workers is procyclical with the performance of the economy.
Notes: Includes bibliographical references.