Knowledge Spillovers From Superstar Tech-Firms: The Case of Nokia
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Summary:
Do workers hired from superstar tech-firms contribute to better firm performance? To address this question, we analyze the effects of tacit knowledge spillovers from Nokia in the context of a quasi-natural experiment in Finland, the closure of Nokia’s mobile device division in 2014 and the massive labor movement it implied. We apply a two-stage difference-in-differences approach with heterogeneous treatment to estimate the causal effects of hiring former Nokia employees. Our results provide new evidence supporting the positive causal role of former Nokia workers on firm performance. The evidence of the positive spillovers on firms is particularly strong in terms of employment and value added.
Series:
Working Paper No. 2021/258
Subject:
Employment Financial sector policy and analysis Human capital Labor Labor productivity Positive spillovers Production Spillovers
Frequency:
regular
English
Publication Date:
October 29, 2021
ISBN/ISSN:
9781589065291/1018-5941
Stock No:
WPIEA2021258
Pages:
30
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