TY - JOUR
T1 - Employment growth in high-tech new ventures
AU - Koeller, C. Timothy
AU - Lechler, Thomas G.
PY - 2006/3
Y1 - 2006/3
N2 - We specify and estimate a model of the early employment growth of technology-driven new ventures. Our estimated model is derived from labor demand theory. A data set of 100 German firms is used to conduct this analysis. The study's findings support the relevance of the theory as applied to these nascent firms. Employment growth is significantly enhanced in ventures exhibiting high profits, experienced founders, formal information processes, and outsourced product distribution. Our findings also confirm aspects of Penrose's theory of firm growth suggesting that transactions costs associated with larger founder teams may inhibit employment growth.
AB - We specify and estimate a model of the early employment growth of technology-driven new ventures. Our estimated model is derived from labor demand theory. A data set of 100 German firms is used to conduct this analysis. The study's findings support the relevance of the theory as applied to these nascent firms. Employment growth is significantly enhanced in ventures exhibiting high profits, experienced founders, formal information processes, and outsourced product distribution. Our findings also confirm aspects of Penrose's theory of firm growth suggesting that transactions costs associated with larger founder teams may inhibit employment growth.
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U2 - 10.1007/s12122-006-1000-5
DO - 10.1007/s12122-006-1000-5
M3 - Review article
AN - SCOPUS:33744979758
SN - 0195-3613
VL - 27
SP - 135
EP - 147
JO - Journal of Labor Research
JF - Journal of Labor Research
IS - 2
ER -