Employment growth in newly established firms: is there evidence for academic entrepreneur's human capital depreciation?

Kathrin Müller

No 09-050, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: Human capital is known to be one of the most important predictors of a person's earnings. With regard to entrepreneurial success, founders' human capital is an important determinant of firm's employment growth as well. This paper investigates if the depreciation of a founder's academic knowledge affects a start-up's employment growth. The depreciation of academic knowledge is investigated by quantifying the effect of the time period which elapses after the founder has left university until the start-up is founded on firm's employment growth. Using quantile regressions, human capital depreciation is found to be of crucial importance for both ordinary academic start-ups and academic spin-offs, the founders of the latter suffering even more from human capital depreciation.

Keywords: Human capital depreciation; employment growth; academic entrepreneurship (search for similar items in EconPapers)
JEL-codes: J23 J24 L25 L26 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-ent, nep-hrm, nep-lab and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/28111/1/609718711.PDF (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:09050

Access Statistics for this paper

More papers in ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().