Forthcoming publication in JEMS for Prof. Kenneth Younge

Prof. Kenneth Younge © 2015 EPFL
Prof. Kenneth Younge has a new article forthcoming in the prestigious Journal of Economics & Management Strategy entitled "The Value of Employee Retention: Evidence From a Natural Experiment".
Abstract
We estimate the firm-level returns to retaining employees using difference-in-differences analysis and a natural experiment where the enforcement of employee noncompete agreements was inadvertently reversed in Michigan. We find that noncompete enforcement boosted the shortterm value of publicly traded companies by approximately 9%. The effect is increasing in local competition and growth opportunities, and offset by patenting.
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