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Innovation and job creation in (high-growth) new firms.
2020
Details
Title
Innovation and job creation in (high-growth) new firms.
Author
Santoleri, Pietro, author.
Item Type
Article
ISSN
0960-6491 (Print) 1464-3650 (Online)
Summary
Recent research has underscored the prominent role played by a small fraction of fast-growing new firms in contributing to aggregate net employment growth. While it is typically assumed that those firms experience this superior performance thanks to their ability in undertaking technological innovation, few empirical studies have explicitly addressed this issue. This article examines the innovation-employment nexus for startups using the Kauffman Firm Survey, a unique longitudinal dataset tracking a single cohort of US firms founded in 2004. Results based on fixed effects panel quantile regressions indicate an overall positive but heterogeneous effect of innovation activities on the conditional employment growth distribution. More in detail, the findings reveal that both research and development and patents have a positive association with employment growth especially for those new firms experiencing high growth.
Series
Industrial and Corporate Change INCC 2020, 29(3), 731-756
Linked Resources
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Published
Oxford, UK : Oxford University Press, 2020.
Language
English
Copyright Information
https://academic.oup.com/pages/using-the-content/citation
Record Appears in
External Online Journals > Industrial and Corporate Change