The entrepreneurship fountain of youth: younger management ranks generate more entrepreneurs

Julho 2025

The present paper argues and tests the proposition that firms with older top and middle managers produce fewer entrepreneurs, because these firms offer less chances to their employees to enter managerial positions that provide valuable experience for entrepreneurship (rank effect theory). Empirical work using linked employer-employee microdata for Portugal support this. The rank effect is stronger in firms with older top managers. Employees who progress slower into managerial ranks are not pushed into entrepreneurship but are more likely to take on jobs as employees in other firms. Overall, our results suggest that firms with younger management ranks offer more chances for workers to enter managerial positions and, therefore, spawn more entrepreneurs.

Autores da comunidade :

• 

  H

  Hugo Miguel Fragoso de Castro Silva

  ist152309

  Afiliações e fontes

  IST > DEG

  Departamento de Engenharia e Gestão

  IST > CEGIST

  Centro de Estudos de Gestão do IST

  De: orcid

  ID: 183316023

Elsevier

https://www.sciencedirect.com/science/article/pii/S0883902625000308?via%3Dihub

Journal of Business Venturing

40

4

0883-9026

10.1016/j.jbusvent.2025.106502

economics-and-business - Economia e Gestão

eng - Inglês