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Does academic entrepreneurship pay?

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

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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 of entrepreneurial returns to include capital gains. Entrepreneurship for academics appears a gradual process and 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 (search for similar items in EconPapers)
Date: 2013-02
Note: View the original document on HAL open archive server: https://hal-hec.archives-ouvertes.fr/hal-00786650
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Published in Industrial and Corporate Change, Oxford University Press (OUP), 2013, 22 (1), pp.281-311. ⟨10.1093/icc/dts044⟩

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Journal Article: Does academic entrepreneurship pay? (2013) Downloads
Working Paper: Does Academic Entrepreneurship Pay? (2012) Downloads
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:hal:journl:hal-00786650

DOI: 10.1093/icc/dts044

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