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SMU SOE Seminar (October 17, 2023): Death and Turmoil in R&D Teams
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TOPIC:
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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
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PRESENTER
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RESEARCH FIELDS
Entrepreneurship
Innovation
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DATE:
17 October 2023 (Tuesday)
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TIME:
4pm - 5.30pm
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VENUE:
Meeting Room 5.1, Level 5
School of Economics
Singapore Management University
90 Stamford Road
Singapore 178903
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