Publications
Publications
- June 2010
- Industrial and Corporate Change
Star Power: Colleague Quality and Turnover
By: Boris Groysberg and Linda Eling-Lee
Abstract
In this article, we argue that the existence of greater organizational resources, in the form of higher quality colleagues, acts as a retention mechanism. We test our hypotheses using a panel data set of securities analysts in 24 securities firms over a 9-year period. Results show that analysts working with higher quality colleagues are less likely to turnover. Analyst turnover is affected by the performance of two types of colleagues: colleagues within one’s group and colleagues in the client-facing role. This “colleague effect” applies to analyst turnover to competitor firms and not to analysts who exit the securities analysts industry.
Keywords
Citation
Groysberg, Boris, and Linda Eling-Lee. "Star Power: Colleague Quality and Turnover." Industrial and Corporate Change 19, no. 3 (June 2010): 741–765.