Declining science-based startups: Strategic human capital and the value of working in startups versus established firms

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dc.contributor.authorDing, Yuheng
dc.contributor.authorAstebro, Thomas
dc.contributor.authorBraguinsky, Serguey
dc.date.accessioned2024-06-20T18:49:37Z
dc.date.available2024-06-20T18:49:37Z
dc.date.issued2023-08-23
dc.description.abstractWe document that since 1997, the rate of startup formation has precipitously declined for firms operated by US PhD recipients in science and engineering. We explore how increasing knowledge complexity can be associated with fewer science-based startups. The decline in startup formation is accompanied by an earnings decline, increasing work complexity in R&D, and more administrative work for science-based founders. Founding a startup appears to have become increasingly harder over the past 20 years, while established firms are becoming more attractive workplaces for PhDs.
dc.description.urihttps://doi.org/10.1002/sej.1477
dc.identifierhttps://doi.org/10.13016/aymt-oe3v
dc.identifier.citationDing, Y., Åstebro, T., & Braguinsky, S. (2023). Declining science-based startups: Strategic human capital and the value of working in startups versus established firms. Strategic Entrepreneurship Journal, 17(4), 830–856.
dc.identifier.urihttp://hdl.handle.net/1903/32652
dc.language.isoen_US
dc.publisherWiley
dc.relation.isAvailableAtRobert H. Smith School of Businessen_us
dc.relation.isAvailableAtManagement & Organizationen_us
dc.relation.isAvailableAtDigital Repository at the University of Marylanden_us
dc.relation.isAvailableAtUniversity of Maryland (College Park, MD)en_us
dc.titleDeclining science-based startups: Strategic human capital and the value of working in startups versus established firms
dc.typeArticle
local.equitableAccessSubmissionNo

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