| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28417 |
| 来源ID | Working Paper 28417 |
| Early Joiners and Startup Performance | |
| Joonkyu Choi; Nathan Goldschlag; John C. Haltiwanger; J. Daniel Kim | |
| 发表日期 | 2021-02-01 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We show that early joiners—non-founder employees in the first year—of a startup play a critical role in explaining firm performance. We use administrative employer- employee matched data on all US startups and utilize the premature death of workers as a natural experiment exogenously separating talent from young firms. We find that losing an early joiner has a large negative effect on firm size that persists for at least ten years. When compared to that of a founder, losing an early joiner has a smaller effect on firm death but intensive margin effects on firm size are similar in magnitude. In contrast, losing a later joiner yields only a small and temporary decline in firm performance. We provide evidence that is consistent with the idea that organizational capital, an important driver of startup success, is embodied in early joiners. |
| 主题 | Labor Economics ; Labor Supply and Demand ; Industrial Organization ; Firm Behavior |
| URL | https://www.nber.org/papers/w28417 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586089 |
| 推荐引用方式 GB/T 7714 | Joonkyu Choi,Nathan Goldschlag,John C. Haltiwanger,et al. Early Joiners and Startup Performance. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28417.pdf（826KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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