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Spin doctors vs the spawn of capitalism: Who founds university and corporate startups?

Alex Coad (), Ulrich Kaiser () and Johan Kuhn

Research Policy, 2021, vol. 50, issue 10

Abstract: We compare individuals presently employed either at a university, or at a firm from an R&D-intensive sector, and analyze which of their personal-specific and employer-specific characteristics are related to their choice to leave their present employer for an own startup. Our data set combines the population of Danish employees with their present employers. We focus on persons who at least hold a Bachelor's degree in engineering, sciences and health and track them over 2001-2012. We show that (i) there are overall few differences between the characteristics of university and corporate startup entrepreneurs, (ii) common factors associated with startup activity of both university and corporate employees are education, top management team membership, previous job mobility and being male, (iii) it is primarily human capital-related characteristics that are related to startup choice of university employees while (iv) the characteristics of the present workplace are the foremost factors of entrepreneurial activity by corporate employees.

Keywords: University startups; Corporate startups; Founder characteristics; Employee retention; Human capital (search for similar items in EconPapers)
JEL-codes: I23 L26 O31 O32 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:50:y:2021:i:10:s0048733321001451

DOI: 10.1016/j.respol.2021.104347

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Research Policy is currently edited by M. Bell, B. Martin, W.E. Steinmueller, A. Arora, M. Callon, M. Kenney, S. Kuhlmann, Keun Lee and F. Murray

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