TY - JOUR
T1 - Leaving Employment to Entrepreneurship
T2 - The Value of Co-worker Mobility in Pushed and Pulled-Driven Start-ups
AU - Rocha, Vera
AU - Carneiro, Anabela
AU - Varum, Celeste
N1 - Published online: 4. October 2017
PY - 2018
Y1 - 2018
N2 - By combining insights from the widespread research on entrepreneurial spin-offs and from the emerging literature on hiring choices in startups, we investigate the role of coworker mobility in pushed and pulled spin-off survival. Using rich register data and a multi-stage model addressing self-selection and endogeneity issues, we cover 28,353 spin-offs launched between 1992 and 2007. We find that spin-offs hiring coworkers from the parent firm survive longer. This survival bonus is greater in pushed-driven startups. We investigate two different mechanisms through which coworker mobility may improve spin-off survival – knowledge transfer and reduced searching costs. While both mechanisms play a role in explaining the survival bonus in pulled spin-offs, coworker mobility seems to help pushed spin-offs to survive mostly by reducing initial recruitment costs. This work provides novel insights on the role of context surrounding new venture creation and inter-firm labor mobility.
AB - By combining insights from the widespread research on entrepreneurial spin-offs and from the emerging literature on hiring choices in startups, we investigate the role of coworker mobility in pushed and pulled spin-off survival. Using rich register data and a multi-stage model addressing self-selection and endogeneity issues, we cover 28,353 spin-offs launched between 1992 and 2007. We find that spin-offs hiring coworkers from the parent firm survive longer. This survival bonus is greater in pushed-driven startups. We investigate two different mechanisms through which coworker mobility may improve spin-off survival – knowledge transfer and reduced searching costs. While both mechanisms play a role in explaining the survival bonus in pulled spin-offs, coworker mobility seems to help pushed spin-offs to survive mostly by reducing initial recruitment costs. This work provides novel insights on the role of context surrounding new venture creation and inter-firm labor mobility.
KW - Coworker mobility
KW - Entrepreneurship
KW - New venture survival
KW - Pushed and pulled spin-offs
KW - Strategic human capital
KW - Coworker mobility
KW - Entrepreneurship
KW - New venture survival
KW - Pushed and pulled spin-offs
KW - Strategic human capital
UR - https://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=954921349278
U2 - 10.1111/joms.12318
DO - 10.1111/joms.12318
M3 - Journal article
VL - 55
SP - 60
EP - 85
JO - Journal of Management Studies
JF - Journal of Management Studies
SN - 0022-2380
IS - 1
ER -