Employment stability and corporate innovation

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

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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
期刊Applied Economics Letters
期Early Access
DOI
出版状态已出版 - 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

关键词

  • Employment stability
  • innovation
  • patenting
  • tolerance for failure

成果物的来源

  • ABDC-B
  • SSCI

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引用此

Han, S., & Kim, C. H. (2020). Employment stability and corporate innovation. Applied Economics Letters, (Early Access). https://doi.org/10.1080/13504851.2020.1716936