What drives entrpreneurial activity among knowledge workers? Are stars more likely to become entrepreneurs? Analysis of entrepreneurial efforts from a panel data set of equity research analysts in investment banks over 1988-1996 (9,531 analyst-year combinations representing 2,602 individual...

Our paper contributes to the studies on the relationship between workers' human capital and their decision to become self-employed as well as their probability to survive as entrepreneurs. Analysis from a panel data set of research analysts in investment banks over 1988-1996 reveals that star...

Analysis of a sample of 253 joint venture announcements suggests that joint ventures tend to be announced when the parent firms' performance is deteriorating. However, the parent firms earn positive abnormal returns around the announcement date. There is considerable cross-sectional variation in...

Our paper contributes to the studies on the relationship between workers' human capital and their decision to become self-employed as well as their probability to survive as entrepreneurs. Analysis from a panel data set of research analysts in investment banks over 1988-1996 reveals that star...