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DTSTAMP:20240429T153040Z
SUMMARY:Martin Ganco\, PhD - Wisconsin School of Business\, University of W
 isconsin-Madison
DESCRIPTION: \n\nABSTRACT\n\nWe examine how a discontinuous surge in an emp
 loyee’s ability to\ncreate value influences her mobility and entrepreneu
 rship decisions.\nWe develop a theory proposing that an employee will be b
 etter able to\nappropriate value from a discontinuous capability shock in 
 the context\nof another firm relative to her current employer. We further 
 maintain\nthat the effect will be moderated by the position of the employe
 e\nwithin the knowledge space of the parent firm as this position affects\
 nthe extent to which the employee contributes to the capabilities of\nthe 
 firm. Empirically\, we exploit the reporting requirements mandated\nby the
  Lobbying Disclosure Act of 1995 to construct a unique\nemployee-employer 
 linked database that tracks employment of all\nregistered lobbyists in the
  United States federal lobbying industry.\nLeveraging plausibly exogenous 
 and large shocks to an employee’s\nability to create value (i.e.\, chang
 es to political connections in\npower) and a novel market-based measure of
  firm-employee knowledge\ndistance\, we report two main sets of findings. 
 First\, a discontinuous\nincrease in employee capabilities increases the l
 ikelihood of both\nmobility to established firms and employee entrepreneur
 ship\, with the\neffect for the latter stronger than the former. Second\, 
 the effect of\nthe increase on employee entrepreneurship but not mobility 
 to\nestablished firms increases when employees are peripheral rather than\
 ncentral to the firm’s core knowledge. Together\, our results are\nconsi
 stent with a value creation-value appropriation rationale where\nemployees
  exit as a means to appropriate a greater portion of the\nvalue they antic
 ipate creating.\n\nLearn more [https://bus.wisc.edu/faculty/martin-ganco] 
 about Dr.\nGanco.\n 
DTSTART:20171208T160000Z
DTEND:20171208T172000Z
LOCATION:Gerri C. LeBow Hall\, 3220 Market Street\, 109\, Philadelphia\, PA
  19104
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