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Does academic entrepreneurship pay?
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation. KTH, School of Industrial Engineering and Management (ITM), Centres, Centre of Excellence for Science and Innovation Studies, CESIS.ORCID iD: 0000-0003-0218-7924
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation. KTH, School of Industrial Engineering and Management (ITM), Centres, Centre of Excellence for Science and Innovation Studies, CESIS.ORCID iD: 0000-0003-0820-2769
2013 (English)In: Industrial and Corporate Change, ISSN 0960-6491, E-ISSN 1464-3650, Vol. 22, no 1, 281-311 p.Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
2013. Vol. 22, no 1, 281-311 p.
Keyword [en]
University Entrepreneurship, Self-Employment, Returns, Policy, Performance, Scientists, Invention, Property, Earnings, Europe
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-118597DOI: 10.1093/icc/dts044ISI: 000314117600010Scopus ID: 2-s2.0-84873829287OAI: oai:DiVA.org:kth-118597DiVA: diva2:607188
Note

QC 20130222

Available from: 2013-02-22 Created: 2013-02-21 Last updated: 2017-12-06Bibliographically approved

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Broström, Anders

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf