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- W2291669528 abstract "Many teams that found new firms form at their current employer. We model the process of team formation and the entry of “employee spinoffs” by extending the Jovanovic (1979) theory of job matching and employee turnover. We allow employees to learn about their colleagues’ qualities at a faster rate than their current employer and recruit them to join spinoff firms. Our model predicts that the hazard rate of separation from the new firm will be lower among the team members than among the workers hired from outside at founding, and that this difference will shrink with worker tenure at the new firm. These predictions are clearly supported in Brazilian data for the period 1995-2001. Cumulatively, after five years workers hired from the parent firm are 52 percent more likely to remain with the spinoff firm than outside hires." @default.
- W2291669528 created "2016-06-24" @default.
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- W2291669528 date "2011-01-01" @default.
- W2291669528 modified "2023-09-23" @default.
- W2291669528 title "Mobilizing Social Capital Through Employee Spinoffs: Evidence from Brazil ⁄" @default.
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