Thanks to the efforts of researchers including McDougall and Oviatt (1994), Autio, Sapienza and Almeida (2000), Zahra, Ireland and Hitt (2000), Yli-Renko, Autio and Tontti (2002), B¿rgel, Fier, Licht and Murray (2004) and Sapienza, Autio, George and Zahra (2006), a set of more challenging...

This paper investigates the effects of employee mobility on industry evolution and technology diffusion by testing a dynamic industry equilibrium model introduced in Franco and Filson (1999). The model focuses on a particular type of employee mobility: researchers can leave existing firms and...