An analysis of entrepreneurship among knowledge workers, focusing on equity research analysts. Explores why stars often turn to startups.
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An analysis of entrepreneurship among knowledge workers, focusing on equity research analysts. Explores why stars often turn to startups.
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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 worker...
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