• Feng Zhu


July 6, 2022, Paper: "The growth of platform firms today leads to a great spillover effect in employee entrepreneurship. Previous literature has pointed out that employee entrepreneurs who leave the incumbent firms will enter the same or similar industries and compete with their parent firms. Using a sample of new ventures founded by former employees from incumbent firms in the Chinese high-tech industries, we find that employee entrepreneurs from platform firms are more likely to enter different industries and become the platform complementors of their parent firms, rather than competitors. We also distinguish between employee entrepreneurs from innovation platforms and transaction platforms, and find that this effect is more pronounced among those from innovation platforms."

Non-HKS Faculty Author Website - Feng Zhu