摘要
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.
源语言 | 英语 |
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期刊 | Applied Economics Letters |
期 | Early Access |
DOI | |
出版状态 | 已出版 - 2020 |
Corresponding author email
sjhan7@hongik.ac.krProject name
new faculty research support fund of the College of Business School at Hongik UniversityProject sponsor
OtherProject No.
N/A关键词
- Employment stability
- innovation
- patenting
- tolerance for failure
成果物的来源
- ABDC-B
- SSCI