Workplace Peers And Entrepreneurship

Date Added: Mar 2010
Format: PDF

The authors examine whether the likelihood of entrepreneurial activity is related to the prior career experiences of an individual's co-workers, using a unique matched employer-employee panel dataset. They find that an individual is more likely to become an entrepreneur if his or her co-workers have been entrepreneurs before. Peer influences also appear to be substitutes for other sources of entrepreneurial influence: they find that peer influences are strongest for those who have less exposure to entrepreneurship in other aspects of their lives.