Boris Groysberg, Professor of Business Administration at Harvard Business School, found that male stars who were hired away by another firm suffered nearly a one percent performance drop after moving.
This was underlined by a study of star security analysts in American investment banks in 1988-96, conducted by Boris Groysberg of Harvard Business School and Ashish Nanda of Harvard Law School.
In his paper, Bidwell references the work of Harvard Business School professor Boris Groysberg, who published a well-received book two years ago about what happens to star investment analysts when they switch firms.
In Chasing Stars: The Myth of Talent and the Portability of Performance, Groysberg examined the careers of more than a thousand top analysts and found that in most cases, those who change firms suffer an immediate and lasting decline.