| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13198 |
| DP13198 Teams and Bankruptcy | |
| Ramin Baghai; Rui Silva; Luofu Ye | |
| 发表日期 | 2018-09-21 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We study how the human capital embedded in teams is reallocated in corporate bankruptcies using data on US inventors. We find that bankruptcies reduce team stability. After a bankruptcy, team-dependent inventors produce fewer and less impactful patents. This points to the loss of team-specific human capital as a cost of resource reallocation through bankruptcy. However, this cost is limited by the ability of the labor market and the market for corporate control to preserve teams. Inventors with past collaboration are likely to move jointly to a new firm after bankruptcy, and the productivity of team inventors that relocate together increases. |
| 主题 | Financial Economics ; Labour Economics |
| 关键词 | Teams Teamwork Team-specific human capital Bankruptcy Labor productivity Creative destruction Innovation |
| URL | https://cepr.org/publications/dp13198-1 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542001 |
| 推荐引用方式 GB/T 7714 | Ramin Baghai,Rui Silva,Luofu Ye. DP13198 Teams and Bankruptcy. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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