Innovation and job creation in (high-growth) new firms

Arbeitspapier

Recent research has underscored the prominent role played by a small fraction of fast-growing new firms in contributing to aggregate net employment growth. While it is typically assumed that those firms experience this superior performance thanks to their ability in undertaking technological innovation, few empirical studies have explicitly addressed this issue. This article examines the innovation-employment nexus for start-ups using the Kauffman Firm Survey (KFS), a unique longitudinal dataset tracking a single cohort of US firms founded in 2004. Results based on fixed effects panel quantile regressions indicate an overall positive but heterogeneous effect of innovation activities on the conditional employment growth distribution. More in detail, the findings reveal that both research and development (R&D) and patents have a positive association with employment growth especially for those new firms experiencing high-growth.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: LEM Working Paper Series ; No. 2019/31

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Firm Objectives, Organization, and Behavior: General ; Firm Performance: Size, Diversification, and Scope ; New Firms; Startups
• Thema: new firms ; high-growth ; innovation ; employment growth ; panel quantile regressions

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Santoleri, Pietro
• Ereignis: Veröffentlichung
• (wer): Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
• (wo): Pisa
• (wann): 2019

Weitere Informationen

• Handle: http://hdl.handle.net/10419/228129
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ