Employment stability and corporate innovation

Syungjin Han; Chang Hyun Kim

doi:10.1080/13504851.2020.1716936

Employment stability and corporate innovation

Syungjin Han (First Author), Chang Hyun Kim (Participant Author)

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Hongik Univ

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4 Citations (Web of Science)

Abstract

We present a novel measure of firm-level employment stability, defined as one minus a firm's employment elasticity with respect to its sales. We find that employment stability is positively associated with innovation output, measured by the number of patents and subsequent citations, and the originality and generality of the patents. Our findings suggest that employment stability enhances employees' incentives for innovation by providing tolerance for failure.

Original language	English
Journal	Applied Economics Letters
Issue number	Early Access
DOIs	https://doi.org/10.1080/13504851.2020.1716936
Publication status	Published - 2020

Corresponding author email

sjhan7@hongik.ac.kr

Project name

new faculty research support fund of the College of Business School at Hongik University

Project sponsor

Other

Project No.

N/A

Keywords

Employment stability
innovation
patenting
tolerance for failure

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ABDC-B
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10.1080/13504851.2020.1716936Licence: CC BY-NC-ND

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Employment stability and corporate innovation

Abstract

Corresponding author email

Project name

Project sponsor

Project No.

Keywords

Indexed by

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