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- W73554123 abstract "I propose a new measure of firms’ economic linkages by analyzing employees’ internet co-search patterns on LinkedIn, a professional networking and corporate recruiting website. Labor market peer firms (LMPs) (1) overlap but differ from standard output-market-based industry groupings; (2) exhibit significant incremental power to explain stock return and earning comovements; (3) outperform standard industry groupings to explain return comovements when LMPs share more labor market skills with the base firm. My results highlight the potential of using employees’ collective wisdom - extracted from the internet - to measure input market linkages that are not identified by standard industry measures." @default.
- W73554123 created "2016-06-24" @default.
- W73554123 creator A5078946408 @default.
- W73554123 date "2015-01-01" @default.
- W73554123 modified "2023-09-27" @default.
- W73554123 title "Labor Market Peer Firms" @default.
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- W73554123 doi "https://doi.org/10.2139/ssrn.2558271" @default.
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