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dc.contributor.authorKnudsen, Eirik Sjåholm
dc.contributor.authorLien, Lasse B.
dc.date.accessioned2014-02-13T08:14:54Z
dc.date.available2014-02-13T08:14:54Z
dc.date.issued2013-12
dc.identifier.urihttp://hdl.handle.net/11250/166730
dc.description.abstractStrategic entrepreneurship is about the simultaneous exploitation of existing advantages and the creation and exploitation of new opportunities. These are often referred to as the strategy-and the entrepreneurship dimension, respectively. We examine how the relative emphasis on the two dimensions of strategic entrepreneurship affects how firms behave with respect to human capital in the context of one particular exogenous shock, namely recessions. We hypothesize and find that the higher the focus on the entrepreneurial dimension, the more firms invest in training, the more likely they are to hire, and the more likely they are to lay off employees. Finally, we also find that these firms are more likely to combine the accumulation of human capital through training with both hiring and firing. In sum, these findings show how challenges and opportunities created by environmental change differ depending on the relative emphasis on the two dimensions. They also show how firms focusing on the entrepreneurial dimension more actively pursue the opportunities created by increased labor market imperfections in recessions. These results contribute to the literature by highlighting how recessions affect firms’ flow of human capital investments, and subsequently stocks, depending on their weighting of the two dimensions of strategic entrepreneurship.no_NO
dc.language.isoengno_NO
dc.publisherSNFno_NO
dc.relation.ispartofseriesWorking paper;33/13
dc.subjectinnovationno_NO
dc.subjecthuman capitalno_NO
dc.subjectexogenous shockno_NO
dc.subjectcorporate entrepeneurshipno_NO
dc.titleInnovation, human capital and exogenous shocksno_NO
dc.typeWorking paperno_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Economics: 212no_NO


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