Title: Does individual performance affect entrepreneurial mobility?
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.