Firm productivity , Labour turnover , Churning , Entrepreneurship
Abstract:
Existing management research has so far dealt with the consequences of labor turnover
for established firms, but has not addressed its effect on young entrepreneurial businesses.
In this paper I assess, both theoretically and empirically, the productivity effects of worker
replacement in young firms. Worker replacement isolates labor turnover due to employee
replacement as a separate category of turnover and has been shown to positively affect the
productivity of established firms in previous research. Using a large and representative sam-
ple of German start-ups, I show that worker replacement has negative effects on young firms’
productivity that remain even when controlling for moderating factors. These effects are even
more negative when the founder does not have prior managerial experience.
Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.
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