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Does Academic Entrepreneurship Pay?

Thomas Astebro (), Pontus Braunerhjelm () and Anders Broström

No 970, HEC Research Papers Series from HEC Paris

Abstract: We investigate the private returns for academics that start new businesses. Total earnings for the universe of 478 individuals working at Swedish universities who quit to become full-time entrepreneurs between 1999 and 2008 are compiled. To the best of our knowledge, this is the first analysis to include capital gains. Entrepreneurship for academics appears a gradual process and quite episodic. Earnings are similar before and after becoming an entrepreneur and dividends and capital gains are inconsequential. But the income risk is more than three times higher in entrepreneurship.

Keywords: academic entrepreneurship; earnings; Sweden (search for similar items in EconPapers)
JEL-codes: J39 J62 M13 O32 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2012-11-23
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Related works:
Journal Article: Does academic entrepreneurship pay? (2013) Downloads
Working Paper: Does academic entrepreneurship pay? (2013)
Working Paper: Does Academic Entrepreneurship Pay? (2012) Downloads
Working Paper: Does Academic Entrepreneurship Pay? (2012) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ebg:heccah:0970

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