Conference Agenda

Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).

Please note that all times are shown in the time zone of the conference. The current conference time is: 9th May 2025, 03:32:50am EDT

 
 
Session Overview
Session
Track TH2-5: Governance, Organization, and Ownership
Time:
Thursday, 22/May/2025:
1:45pm - 2:30pm

Session Chair: Daniel Ferreira, LSE
Discussant: Sean Flynn, Cornell University
Location: Gateway North 103


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Presentations

Entrepreneurial Spawning from Remote Work

Alan Kwan1, Ben Matthies2, Richard Townsend3, Ting Xu4

1University of Hong Kong; 2University of Notre Dame; 3University of California San Diego; 4University of Toronto

This paper shows that remote work increases wage workers' transition into entrepreneurship. Using big data on Internet activities, we create a novel firm-level measure of remote work. We show that firms with greater increases in remote work during the pandemic are more likely to see their employees subsequently becoming entrepreneurs. This holds both unconditionally and relative to other types of job turnovers. We establish causality using instrumental variables and panel event study. The spawning response is stronger among younger and more educated employees, and the marginally created businesses are not of low quality. The effect is not driven by employee selection, preference change, or forced turnover. Rather, remote work increases spawning by providing the time and downside protection needed for entrepreneurial experimentation. We calibrate that at least 13.4% of the post-pandemic increase in new firm entry can be attributed to spawning from remote work.

Kwan-Entrepreneurial Spawning from Remote Work-691.pdf


 
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