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

Alex Coad, Ulrich Kaiser*, Johan Kuhn

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

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.

Original languageEnglish
Article number104347
JournalResearch Policy
Volume50
Issue number10
DOIs
Publication statusPublished - 2021 Dec

Keywords

  • Corporate startups
  • Employee retention
  • Founder characteristics
  • Human capital
  • University startups

ASJC Scopus subject areas

  • Strategy and Management
  • Management Science and Operations Research
  • Management of Technology and Innovation

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