Localized knowledge spillovers and skill‐biased performance

Bridging Strategic Human Capital and Employee Entrepreneurship Research: A Labor Market Frictions Approach

“…As such, the employee entrepreneurship literature is largely focused on understanding the conditions that cause employees to leave employment in order to found their own firms and the economic and personal consequences of those entrepreneurial actions. In this literature, mobility is viewed primarily as a positive outcome because it is associated with greater economic returns for the individual entrepreneurs (Campbell, 2013;Hamilton, 2000;Hellmann, 2007), enhanced performance of newly created firms (Agarwal, Echambadi, Franco, & Sarkar, 2004;Chatterji, 2009;Franco & Filson, 2006;Klepper, 2009;Sakakibara & Balasubramanian, 2015), and flows of knowledge and innovations that benefit markets and geographic regions as a whole (Agarwal, Audretsch, & Sarkar, 2010;Almeida & Kogut, 1999;Berchicci, King, & Tucci, 2011;Chatterji, Glaeser, & Kerr, 2014;Gambardella & Giarratana, 2010). From this perspective, employee entrepreneurship research has focused on how various labor market frictions may increase or decrease the propensity of potential entrepreneurs to leave their jobs and found new firms.…”

Employee Mobility and Entrepreneurship A Virtual Special Issue [1]

“…Agarwal, Audretsch, and Sarkar (2007) suggest that knowledge spillovers in a region increase available entrepreneurial opportunities, benefitting potential entrepreneurs and spurring entrepreneurial entry. Gambardella and Giarratana (2010), using data on 146 US cities, further conclude that knowledge spillovers within a region alter the mix of skills required for firms in the region, leading to the formation of entrepreneurial firms.…”

“…The knowledge-intensity of an industry impacts employee mobility and employee entrepreneurship. In their exploration of the impact of localized knowledge spillovers on entrepreneurship, Gambardella and Giarratana (2010) find that the relationship between knowledge spillovers and entrepreneurial entry is strongest in skill-intensive industries. Knowledge spillovers within an industry may also give rise to entrepreneurial opportunities, leading to increased employee entrepreneurship (Agarwal et al, 2007;Agarwal, Audretsch, and Sarkar, 2010).…”

“…At a macro level, Agarwal et al (2007) suggest that knowledge spillovers, including those associated with employee mobility and employee entrepreneurship, together with subsequent knowledge spill-ins, lead to a cycle of "creative construction" and the consequent growth of economies, regions, and industries. Gambardella and Giarratana (2010) explore the impact of knowledge spillovers on entrepreneurship within US cities and find evidence that knowledge spillovers do lead to regional economic development, by incentivizing entry of new highskilled entrepreneurial ventures. Berchicci, King, and Tucci (2011) examine the extent to which employee entrepreneurship creates regional agglomerations in the semiconductor industry.…”

Strategic entrepreneurship and knowledge spillovers: spatial and aspatial perspectives

“…Knowledge spillover is becoming one of the popular research streams in SE, as illustrated by the special issue in Strategic Entrepreneurship Journal (Agarwal et al 2010). In this vein, the SE research is becoming dominated by issues regarding spatially bounded and inter-firm knowledge spillover mostly in the area of technological knowledge spillover (Gambardella and Giarratana 2010). Examples of studies in this field include Kotha's (2010) longitudinal case study on Boeings ability to use technological knowledge spillovers, especially in certain technical domains in military industry, to outmanoeuvre the competitor and market leader Douglas Aircraft Company.…”