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

University of Zurich, Institute of Business Administration, UZH Business Working Paper No. 325

32 Pages Posted: 24 Nov 2012

See all articles by Petra M. Moog

Petra M. Moog

University of Siegen - Dept. of Entrepreneurship and Business Sucession; University of Zurich - Department of Business Administration (IBW)

Arndt Werner

Institute for Small and Medium Sized Enterprises, Bonn (IfM Bonn)

Stefan Houweling

affiliation not provided to SSRN

Uschi Backes-Gellner

University of Zurich - Institute for Business Administration; Swiss Leading House

Date Written: November 22, 2012

Abstract

To date, little is known about the effects of the composition of skills on academic entrepreneurship. Therefore, in this paper, following Lazear’s (2005) jack-of-all-trades approach, we study how his or her composition of skills affects a scientist’s 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.

Keywords: Jack-of-all-Trades, Skills, Entrepreneurial Intentions, Academic Entrepreneurship, Peer Effects, Working Time Balance

JEL Classification: O32, M13, J24

Suggested Citation

Moog, Petra M. and Werner, Arndt and Houweling, Stefan and Backes-Gellner, Uschi, The Impact of Balanced Skills, Working Time Allocation and Peer Effects on the Entrepreneurial Intentions of Scientists (November 22, 2012). University of Zurich, Institute of Business Administration, UZH Business Working Paper No. 325. Available at SSRN: https://ssrn.com/abstract=2179451 or http://dx.doi.org/10.2139/ssrn.2179451

Petra M. Moog (Contact Author)

University of Siegen - Dept. of Entrepreneurship and Business Sucession ( email )

Hölderlinstraße 3, HA 4106
Siegen, 57068
Germany

University of Zurich - Department of Business Administration (IBW) ( email )

Hottingerstrasse 10
Plattenstrasse 14
Zurich, 8032
Switzerland

Arndt Werner

Institute for Small and Medium Sized Enterprises, Bonn (IfM Bonn) ( email )

Maximilianstra9e 20
53111 Bonn
Germany
+ 49 228 72997 44 (Phone)

Stefan Houweling

affiliation not provided to SSRN ( email )

Uschi Backes-Gellner

University of Zurich - Institute for Business Administration ( email )

Plattenstrasse 14
8032 Zurich
Switzerland
+41 44 6344281 (Phone)
+41 44 6344370 (Fax)

Swiss Leading House ( email )

Plattenstrasse 14
Zurich, 8032
Switzerland

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