The productivity effects of worker replacement in young firms


Murmann, Martin


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URL: https://ub-madoc.bib.uni-mannheim.de/42119
URN: urn:nbn:de:bsz:180-madoc-421195
Document Type: Working paper
Year of publication: 2017
The title of a journal, publication series: ZEW Discussion Papers
Volume: 17-010
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: L26 , M13 , J24 , J63 , D22,
Keywords (English): 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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Murmann, Martin (2017) The productivity effects of worker replacement in young firms. Open Access ZEW Discussion Papers Mannheim 17-010 [Working paper]
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