6533b7d1fe1ef96bd125c371
RESEARCH PRODUCT
Business owners, employees, and firm performance
Satu NurmiMika Malirantasubject
Economics and EconometricsLabour economicsEntrepreneurshipownershipComputingMilieux_LEGALASPECTSOFCOMPUTINGHuman capitalHigh productivity0502 economics and businesshenkinen pääoma050207 economicsProductivityomistajuusLabor mobilityyrittäjätComputingMilieux_THECOMPUTINGPROFESSIONomistajat05 social sciencesEmployment growthHigh educationyrittäjyysGeneral Business Management and Accountingfirm performanceComputingMilieux_GENERALBusinessdiffusion of knowledgeEmployment history050203 business & managementdescription
The novel Finnish Longitudinal OWNer-Employer-Employee (FLOWN) database was used to analyze how the characteristics of owners and employees relate to firm performance as determined by labor productivity, survival, and employment growth. Focusing on the role of the employment history, the results show that previous experience in a high-productivity firm strongly predicts high productivity and probability of survival for the entrepreneur’s new firm. This can be interpreted as evidence of knowledge spillovers through labor mobility of both the owners and the employees. The results also show that the owner’s high education in a technical field is positively related to firm performance. Different findings for owner-entrepreneurs and pure owners suggest that the definition of entrepreneurship matters. peerReviewed
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2018-03-27 | Small Business Economics |