Are Foreign Stem PhDs More Entrepreneurial? Entrepreneurial Characteristics, Preferences and Employment Outcomes of Native and Foreign Science & Engineering PhD Students

Michael Roach, Henry Sauermann and John Skrentny

No 26225, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Prior research has shown that immigrants make important contributions to US innovation and are more likely than natives to become entrepreneurs. However, there is little evidence on how foreign and native high-skilled workers differ prior to entering the workforce. Moreover, little attention has been paid to distinguishing between founders and employees who join startups. We draw on a longitudinal survey of over 5,600 foreign and native STEM PhD students at U.S. research universities to examine entrepreneurial characteristics and career preferences prior to graduation, as well as founding and employment outcomes after graduation. First, we find that foreign PhD students differ from native PhD students with respect to individual characteristics typically associated with entrepreneurship such as risk tolerance, a preference for autonomy, and interest in commercialization. Second, foreign PhD students are more likely to express intentions to become a founder or a startup employee prior to graduation. Third, despite their entrepreneurial career interests, foreign PhDs are less likely to become founders or startup employees in their first industry job after graduation. These patterns call for future research on factors that enable or constrain foreign STEM workers from realizing their entrepreneurial career aspirations.

JEL-codes: I23 J0 J24 J44 J48 O3 (search for similar items in EconPapers)
Date: 2019-09
New Economics Papers: this item is included in nep-ent, nep-ino, nep-lma and nep-sbm
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Citations: View citations in EconPapers (3)

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