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NBER Working Papers and Publications
|November 2007||Does Individual Performance Affect Entrepreneurial Mobility? Empirical Evidence from the Financial Analysis Market|
with Boris Groysberg, M. Julia Prats: w13633
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 t...
Published: Does individual performance affect entrepreneurial mobility Empirical evidence from the financial analysis market Boris Groysberg (firstname.lastname@example.org), Ashish Nanda (email@example.com) and M Julia Prats (firstname.lastname@example.org) Additional contact information Journal of Financial Transformation, 2009, vol. 25, pages 95-106