Should I stay or should I go? Founder’s decision to leave an entrepreneurial venture during an industrial crisis
研究了在行业负面冲击下，高技能创始人更可能离开自己创办的企业，而人力资本较低的创始人则倾向于留下；基于意大利ICT产业危机期间201位创始人的数据分析了这一现象。
We investigate if while experiencing an intensely negative industry-specific shock, skilled entrepreneurs may decide to leave the firm they founded, whereas founders who are less endowed with human capital may decide to continue their activity. Developing a stylised theoretical framework of the issue intended to derive the necessary and sufficient conditions for the emergence of this phenomenon, this study explores its occurrence in Italy during the ICT industry crisis from early 2000–2003 by analysing the individual stay/leave decision of a sample of 201 founders of 79 start-ups operating in the ICT services market.