Browsing Department of Innovation and Organizational Economics (INO) by Author "Carneiro, Anabela"
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Human Capital Inputs and the Survival of New StartupsRocha, Vera; Van Praag, Mirjam; Carneiro, Anabela (Frederiksberg, 2015)[More information][Less information]
Abstract: This paper studies three related questions: To what extent otherwise similar startups employ different quantities and qualities of human capital at the moment of entry? How persistent are initial human capital choices over time? And how does deviating from human capital benchmarks influence firm survival? The analysis is based on a matched employer-employee dataset and covers about 17,500 startups in manufacturing and services. We adopt a new procedure to estimate individual benchmarks for the quantity and quality of initial human resources, acknowledging correlations between hiring decisions, founders human capital, and the ownership structure of startups (solo entrepreneurs versus entrepreneurial teams). We then study the survival implications of exogenous deviations from these benchmarks, based on spline models for survival data. Our results indicate that (especially negative) deviations from the benchmark can be substantial, are persistent over time, and hinder the survival of firms. The implications may, however, vary according to the sector and the ownership structure at entry. Given the stickiness of initial choices, wrong human capital decisions at entry turn out to be a close to irreversible matter with significant survival penalties. URI: http://hdl.handle.net/10398/9150 Files in this item: 1
Rocha_Van_Praag.pdf (894.7Kb) -
The Value of Coworker Mobility in Pushed and Pulled-driven StartupsRocha, Vera; Carneiro, Anabela; Varum, Celeste (Frederiksberg, 2016)[More information][Less information]
Abstract: By combining the insights from the widespread research on entrepreneurial spin-offs and from the emerging literature on hiring choices in startups, we investigate the role of coworker mobility in pushed and pulled spin-offs survival. We address two main gaps identi ed in prior research: the relative inattention paid to other human resources beyond the founder, and the hetero-geneous context where employee startups may be established. We use a rich matched employer-employee dataset for Portugal, and estimate a multi-stage model addressing the issues of self-selection in entrepreneurship and endogeneity in recruitment choices. We find that spin-offs hiring coworkers from the parent fi rm survive longer. The survival bonus resulting from coworker mobility is higher in pushed-driven startups. This work has important implications for broader theories on the role of labor mobility in organizational outcomes of arrival fi rms, and also for developing theories on labor markets for entrepreneurship. It also constitutes an important step towards unpacking the mechanisms through which mobile human capital affects the performance of receiving firms. URI: http://hdl.handle.net/10398/9307 Files in this item: 1
Rocha_Carneiro_Varum_DRUID.pdf (699.5Kb)
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