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The Impact of Balanced Skills, Working Time Allocation and Peer Effects on the Entrepreneurial Intentions of Scientists

Author

Listed:
  • Petra Moog

    () (University of Siegen)

  • Arndt Werner

    (Institute for SME Research Bonn (IfM Bonn))

  • Stefan Houweling

    () (University of Siegen)

  • Uschi Backes-Gellner

    () (Department of Business Administration (IBW), University of Zurich)

Abstract

To date, little is known about the effects of the composition of skills on academic entrepreneurship. Therefore, in this paper, following Lazears (2005) jack-of-all-trades approach, we study how his or her composition of skills affects a scientists intention of becoming an entrepreneur. Extending Lazear, we examine how the effect of balanced entrepreneurial skills is moderated by a balanced working time allocations and peer effects. Using unique data collected from 480 life sciences researchers, we provide the first evidence that scientists with more balanced skills are more likely to have higher entrepreneurial intentions, particularly when they are in contact with entrepreneurial peers. Furthermore, we find even higher entrepreneurial intentions when balanced skill sets are combined with balanced working time allocations. Thus, to encourage the entrepreneurial intentions of life scientists, one has to ensure that they are exposed to diverse work experiences, have balanced working time allocations across different activities and work with entrepreneurial peers; i.e., collaborating with colleagues or academic scientists who have started new ventures in the past is important.

Suggested Citation

  • Petra Moog & Arndt Werner & Stefan Houweling & Uschi Backes-Gellner, 2012. "The Impact of Balanced Skills, Working Time Allocation and Peer Effects on the Entrepreneurial Intentions of Scientists," Working Papers 325, University of Zurich, Department of Business Administration (IBW).
  • Handle: RePEc:zrh:wpaper:325
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    File URL: http://repec.business.uzh.ch/RePEc/zrh/wpaper/325_IBW_full.pdf
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    References listed on IDEAS

    as
    1. Michael Stuetzer & Martin Obschonka & Eva Schmitt-Rodermund, 2013. "Balanced skills among nascent entrepreneurs," Small Business Economics, Springer, vol. 41(1), pages 93-114, June.
    2. David Audretsch & T. Aldridge, 2009. "Scientist commercialization as conduit of knowledge spillovers," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 43(4), pages 897-905, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Jack-of-all-Trades; Skills; Entrepreneurial Intentions; Academic Entrepreneurship; Peer Effects; Working Time Balance;

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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