BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 14.4//EN BEGIN:VTIMEZONE TZID:Eastern Standard Time BEGIN:STANDARD DTSTART:20231102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Eastern Standard Time TZOFFSETFROM:-0400 TZOFFSETTO:-0500 END:STANDARD BEGIN:DAYLIGHT DTSTART:20230301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Eastern Daylight Time TZOFFSETFROM:-0500 TZOFFSETTO:-0400 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:Natarajan Balasubramanian on "Screening\nSpinouts?\nHow Noncomp ete\nEnforceability Affects the Creation\, Growth\,\nand Survival\nof New Firms"Natarajan Balasubramanian\, Whitman School of Management\, Syracuse UniversityThis\npaper examines how the enforceability of noncompete\ncoven ants affects the creation\, growth\, and survival of spinouts and other ne w\nentrants. The impact of noncompete\nenforceability on new firms is ambi guous\, since noncompetes\nreduce knowledge leakage but impose hiring cost s. However\, we posit that\nenforceability screens formation of within-ind ustry spinouts (WSOs) relative to\nnon-WSOs by dissuading founders with lo wer human capital. Using data on 5.5\nmillion new firms\, we find greater enforceability is associated with fewer\nWSOs\, but relative to non-WSOs\, WSOs that are created tend to start and stay\nlarger\, are founded by hig her-earners\, and are more likely to survive their\ninitial years. In cont rast\, we find no impact on non-WSO entry\, and a negative\neffect on size and short-term survival. \;Authors:\n\nEvan Starr\,\nUniversity of Ma ryland\n\nNatarajan Balasubramanian\,\nSyracuse University\n\nMariko Sakak ibara\, University of California\, Los AngelesOpen to the public.Sponsored \nby Trade Development and Political Economy Group at the Moynihan Institu te of Global Affairs \; DTEND:20160321T210000Z DTSTAMP:20240328T081123Z DTSTART:20160321T200000Z LOCATION: SEQUENCE:0 SUMMARY:TDPE presents: Natarajan Balasubramanian UID:RFCALITEM638471958833435604 X-ALT-DESC;FMTTYPE=text/html:
Natarajan Balasubramanian on "Scr eening\nSpinouts?\nHow Noncompete\nEnforceability Affects the Creation\, G rowth\,\nand Survival\nof New Firms"
Natarajan Balasubramania n\, Whitman School of Management\, Syracuse University
Th is\npaper examines how the enforceability of noncompete\ncovenants affects the creation\, growth\, and survival of spinouts and other new\nentrants. The impact of noncompete\nenforceability on new firms is ambiguous\, sinc e noncompetes\nreduce knowledge leakage but impose hiring costs. However\, we posit that\nenforceability screens formation of within-industry spinou ts (WSOs) relative to\nnon-WSOs by dissuading founders with lower human ca pital. Using data on 5.5\nmillion new firms\, we find greater enforceabili ty is associated with fewer\nWSOs\, but relative to non-WSOs\, WSOs that a re created tend to start and stay\nlarger\, are founded by higher-earners\ , and are more likely to survive their\ninitial years. In contrast\, we fi nd no impact on non-WSO entry\, and a negative\neffect on size and short-t erm survival. \;
Authors:\n\n
Evan Starr\,\n University of Maryland\n\n
Natarajan Balasubramanian\,\n< i>Syracuse University\n\n
Mariko Sakakibara\, Unive rsity of California\, Los Angeles
Open to the public.
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