Effects of Intra-industry Labor Mobility on Firms' R&D Intensity

산업내 전직율이 기업 R&D 투자에 미치는 영향에 대한 연구

  • 김도연 (KAIST 테크노경영대학원) ;
  • 성태윤 (연세대학교 상경대학 경제학부) ;
  • 이창양 (KAIST 테크노경영대학원)
  • Published : 2008.12.30

Abstract

This paper shows that labor mobility is positively related to R&D intensity at the industry level in Korea. Different from the perception based on individual firm-level studies arguing that firms can be reluctant to R&D in fear of the job transfer of employees, firms in industries which have high job transfer of employees turn out not to reduce investment in R&D. This result is also confirmed by 2SLS regression. This result supports that, if there exist spillover effects through the job transfer of employees, job transfer can positively contribute to R&D activities.

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