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Entrepreneurial Spillovers from Corporate R&D / Tania Babina, Sabrina T. Howell.
- Format:
- Book
- Author/Creator:
- Babina, Tania.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w25360.
- NBER working paper series no. w25360
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2018.
- Summary:
- This paper studies how corporate research and development (R&D) investment affects labor mobility. We use employer-employee matched data in ordinary least squares and instrumental variables analyses to assess four hypotheses. R&D has no effect on worker retention, exit from employment, or mobility to incumbent firms. Instead, it increases employee departures to entrepreneurship, leading employees to join the founding teams of startups that are venture capital-backed, high tech, high wage, and in different sectors than the parent firm. These high-growth, high-risk startups emerging from R&D benefit from a focused, standalone incentive structure and have poor complementarities to the parent firm's assets.
- Notes:
- Print version record
- December 2018.
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