Scandinavian Working Papers in Economics
Ratio Working Papers,
The Ratio Institute
No 280: Recruiting for Small Business Growth: Micro-level Evidence
Anton Gidehag () and Magnus Lodefalk ()
Additional contact information
Anton Gidehag: Örebro University and HUI Research, Postal: Örebro University, SE-70182 Örebro, Sweden
Magnus Lodefalk: The Ratio Institute, Postal: The Ratio Institute, P.O. Box 5095, SE-102 42 Stockholm, Sweden
Abstract: We examine the link between new employees in leading positions and subsequent productivity in small- and medium-sized (SME) enterprises. Managers and professionals are likely to possess important tacit knowledge. They are also in a position to influence the employing firm. Exploiting rich and comprehensive panel data for Sweden in the 2001-2010 period and employing semi-parametric and quasi-experimental estimation techniques, we find that newly recruited leading personnel have a positive and statistically significant impact on the productivity of the hiring SME. Interestingly, our results suggest that professionals with experience from international firms and enterprise groups contribute the most to total factor productivity. Overall, the findings suggest the importance of mobility of leading personnel for productivity-enhancing knowledge spillovers to SMEs.
Keywords: recruitment; knowledge spillovers; firm growth; productivity; SME
JEL-codes: D22; D24; D83; J24; J62
32 pages, December 15, 2016
Full text files
ag_ml_recruiting_for_small_business_growth_280.pdf
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