Death and Turmoil in the R&D team
(2023) In Discussion paper p.1-44- Abstract
- We use a novel method to define the R&D team and use the unexpected death of an R&D worker to study its effect on the organization of R&D teams in profit-making firms. Average treatment effects on exit probability, entry probability, wages of stayers, and characteristics of leavers are null. Hires are slightly younger in treatment than control. Treatment effects do not vary by the size of the R&D team but vary in interesting ways by the characteristics of the deceased and with job market liquidity. Results suggest weak complementarity of personnel and almost perfect substitution of talent in business R&D.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/031c2959-faa2-45da-b5b6-5222da30131f
- author
- Åstebro, Thomas ; Ejermo, Olof LU and Toivanen, Otto
- organization
- publishing date
- 2023-11-06
- type
- Working paper/Preprint
- publication status
- published
- subject
- keywords
- J24, J30, J41, O31, O32, innovation, knowledge spillovers, managerial response, organizational economic s, peer effects, R&D teams
- in
- Discussion paper
- issue
- DP188578
- pages
- 1 - 44
- publisher
- Centre for Economic Policy Research (CEPR)
- ISSN
- 0265-8003
- language
- English
- LU publication?
- yes
- id
- 031c2959-faa2-45da-b5b6-5222da30131f
- alternative location
- https://cepr.org/publications/dp18578
- date added to LUP
- 2023-12-09 20:12:23
- date last changed
- 2023-12-11 10:22:58
@misc{031c2959-faa2-45da-b5b6-5222da30131f, abstract = {{We use a novel method to define the R&D team and use the unexpected death of an R&D worker to study its effect on the organization of R&D teams in profit-making firms. Average treatment effects on exit probability, entry probability, wages of stayers, and characteristics of leavers are null. Hires are slightly younger in treatment than control. Treatment effects do not vary by the size of the R&D team but vary in interesting ways by the characteristics of the deceased and with job market liquidity. Results suggest weak complementarity of personnel and almost perfect substitution of talent in business R&D.}}, author = {{Åstebro, Thomas and Ejermo, Olof and Toivanen, Otto}}, issn = {{0265-8003}}, keywords = {{J24; J30; J41; O31; O32; innovation; knowledge spillovers; managerial response; organizational economic s; peer effects; R&D teams}}, language = {{eng}}, month = {{11}}, note = {{Working Paper}}, number = {{DP188578}}, pages = {{1--44}}, publisher = {{Centre for Economic Policy Research (CEPR)}}, series = {{Discussion paper}}, title = {{Death and Turmoil in the R&D team}}, url = {{https://cepr.org/publications/dp18578}}, year = {{2023}}, }