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来源类型Working Paper
规范类型报告
DOI10.3386/w15638
来源IDWorking Paper 15638
Employee Spinoffs and Other Entrants: Stylized Facts from Brazil
Oana Hirakawa; Marc-Andreas Muendler; James E. Rauch
发表日期2010-01-07
出版年2010
语种英语
摘要Using a comprehensive linked employer-employee database from Brazil for the period 1995-2001, we are able for the first time to compare firms founded as employee spinoffs to new firms without parents and to diversification ventures of existing firms entering a new industry. Employee spinoffs are defined either as the director/manager having moved from a parent in the same industry or as one-quarter of the employees having shifted from a common parent. Depending on definition, employee spinoffs account for between one-sixth and one-third of the new firms in Brazil's private sector during this period. Regardless of definition, size at entry is larger for employee spinoffs than for new firms without parents but smaller than for diversification ventures of existing firms. Similarly, exit rates for employee spinoffs are less than for new firms without parents and comparable to those for diversification ventures of existing firms. These results suggest that we can think of some part of a firm's productivity draw in the Jovanovic (1982) model as embodied in the firm's employees and portable by them to a new firm.
主题Labor Economics ; Labor Supply and Demand ; Industrial Organization ; Firm Behavior
URLhttps://www.nber.org/papers/w15638
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/573313
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Oana Hirakawa,Marc-Andreas Muendler,James E. Rauch. Employee Spinoffs and Other Entrants: Stylized Facts from Brazil. 2010.
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