Firm formation with heterogeneous management and labor skills

Boyan Jovanovic

doi:10.1007/BF01108287

Firm formation with heterogeneous management and labor skills

Boyan Jovanovic

Research output: Contribution to journal › Article › peer-review

Abstract

When both management skills and labor skills differ in the population, the nature of firm formation can differ radically from the equilibrium we are used to dealing with: The best potential managers could end up as wage workers. This happens when managerial skills are positively correlated with working skills, and there is some empirical evidence that this is indeed the case.

Original language	English (US)
Pages (from-to)	185-191
Number of pages	7
Journal	Small Business Economics
Volume	6
Issue number	3
DOIs	https://doi.org/10.1007/BF01108287
State	Published - Jun 1994

ASJC Scopus subject areas

General Business, Management and Accounting
Economics and Econometrics

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10.1007/BF01108287

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Firm formation with heterogeneous management and labor skills

Abstract

ASJC Scopus subject areas

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