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Attracting knowledge workers to high-tech ventures : a signaling perspective on employee mobility
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Zhang, Kun, Reuer , Jeffrey and Morales, Francisco (2020) Attracting knowledge workers to high-tech ventures : a signaling perspective on employee mobility. Employee Inter- and Intra-Firm Mobility, 41 . pp. 415-431. doi:10.1108/S0742-332220200000041028
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WRAP-Attracting-knowledge-high-tech-ventures-employee-mobility-Reuer-2019.pdf - Accepted Version - Requires a PDF viewer. Available under License Creative Commons: Attribution-Noncommercial 4.0. Download (1039Kb) | Preview |
Official URL: https://doi.org/10.1108/S0742-332220200000041028
Abstract
Strategy and entrepreneurship scholars have identified many benefits of signaling for new ventures to access resources in financial and other factor markets. However, scholars have not studied the extent to which new ventures can employ signals to hire new talent. This chapter investigates inventor mobility across biopharmaceutical new ventures and examines the effects of two signals, venture capitalist (VC) prominence and alliance network prominence. We suggest that VC prominence and alliance network prominence can provide assurances to prospective employees about a venture's resources and prospects, thereby facilitating inventor mobility owing to enhanced labor market efficiency. Empirical evidence from biopharmaceutical startups shows that new ventures can benefit from signals emanating from their ties to VCs and alliance partners and attract inventors to join them. We also find that these signaling effects attenuate as information asymmetry diminishes.
| Item Type: | Journal Article | ||||||
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| Subjects: | H Social Sciences > HD Industries. Land use. Labor R Medicine > RM Therapeutics. Pharmacology |
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| Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||
| Library of Congress Subject Headings (LCSH): | Labor mobility, Knowledge workers, Biopharmaceutics, New business enterprises -- Research | ||||||
| Series Name: | Advances in Strategic Management | ||||||
| Journal or Publication Title: | Employee Inter- and Intra-Firm Mobility | ||||||
| Publisher: | Emerald Publishing Limited | ||||||
| ISBN: | 9781789735505 | ||||||
| ISSN: | 0742-3322 | ||||||
| Editor: | Tzabbar, D. and Cirillo, B. | ||||||
| Official Date: | 15 July 2020 | ||||||
| Dates: |
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| Volume: | 41 | ||||||
| Page Range: | pp. 415-431 | ||||||
| DOI: | 10.1108/S0742-332220200000041028 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||
| Copyright Holders: | Copyright © 2020 Emerald Publishing Limited | ||||||
| Description: | Book series monograph |
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