Publication

The Value Of Employee Retention: Evidence From A Natural Experiment

Kenneth Younge
2016
Journal paper

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 short-term value of publicly traded companies by approximately 9%. The effect is increasing in local competition and growth opportunities, and offset by patenting.

Official source

https://infoscience.epfl.ch/record/225215?ln=en

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The Value Of Employee Retention: Evidence From A Natural Experiment

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