The workforce composition of young firms and product innovation - complementarities in the skills of founders and their early employees


Müller, Bettina ; Murmann, Martin


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URL: https://ub-madoc.bib.uni-mannheim.de/41563
URN: urn:nbn:de:bsz:180-madoc-415639
Document Type: Working paper
Year of publication: 2016
The title of a journal, publication series: ZEW Discussion Papers
Volume: 16-074
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: J24 , L23 , L26 , M13 , M51 , Q31,
Keywords (English): Entrepreneurship , innovation , human capital , skills , complementarity
Abstract: We investigate the extent to which complementarities between technical and business skills of founders and employees matter for the generation of market novelties by new ventures. Using data about German start-ups, we find that there are no complementarities between technical and business skills within the group of founders, but that there are significant complementarities between technically trained founders and employees who have business skills. This suggests that the innovation potential of start-ups by technically trained founders is best explored by hiring employees who are trained in business. However, a reverse relationship does not exist: There are no complementarities between founders with business skills and employees with technical skills.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Müller, Bettina ; Murmann, Martin (2016) The workforce composition of young firms and product innovation - complementarities in the skills of founders and their early employees. Open Access ZEW Discussion Papers Mannheim 16-074 [Working paper]
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