| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14131 |
| DP14131 Do Temporary Demand Shocks have Long-Term Effects for Startups? | |
| Hans K. Hvide; Tom G. Meling | |
| 发表日期 | 2019-11-18 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Recent work shows that firms born in cohorts with weak job creation are persistently smaller, even when the aggregate economy recovers. As both demand-side and supply-side factors vary with the business cycle, it is challenging to establish what drives these patterns from aggregate data. We use comprehensive procurement auctions and register data from Norway to study the effect of cross-sectional variation in transient demand shocks on long-run outcomes for startups. Auction winners have more than 20% higher sales and employment than runners-up several years after the auction. They are also more profitable. Investment effects, broadly interpreted, appear important to understand the results. |
| 主题 | Financial Economics ; Industrial Organization ; Labour Economics ; Macroeconomics and Growth ; Public Economics |
| 关键词 | entrepreneurship Investments Startups |
| URL | https://cepr.org/publications/dp14131 |
| 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/543020 |
| 推荐引用方式 GB/T 7714 | Hans K. Hvide,Tom G. Meling. DP14131 Do Temporary Demand Shocks have Long-Term Effects for Startups?. 2019. |
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