SMU SOE Seminar (October 17, 2023): Death and Turmoil in R&D Teams

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ABSTRACT We use a novel method to define the R&D team and use the unexpected death of an R&D worker to study its effect on the organization of R&D teams in profit-making firms. Average treatment effects on exit probability, wages, and characteristics of leavers are null. Treatment effects do not vary by the size of the R&D team but do vary by the characteristics of the deceased and job market liquidity. Results suggest weak complementarity of personnel and almost perfect substitution of talent in business R&D. Management appears able to quickly adjust the team to the shock Click here to view the CV.
		PRESENTER Thomas Astebro HEC Paris
		RESEARCH FIELDS Entrepreneurship Innovation
		DATE: 17 October 2023 (Tuesday)
		TIME: 4pm - 5.30pm
		VENUE: Meeting Room 5.1, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903