The internal labor markets of business groups

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dc.contributor.authorHuneeus, Federico
dc.contributor.authorLarrain, Borja
dc.contributor.authorLarrain, Mauricio
dc.contributor.authorPrem, Mounu
dc.date.accessioned2025-01-20T22:08:50Z
dc.date.available2025-01-20T22:08:50Z
dc.date.issued2021
dc.description.abstractThis paper provides micro evidence of labor mobility inside business groups. We show that worker flows between firms in the same group are stronger than with unaffiliated firms. Moreover, the reallocation of top workers between group firms is more sensitive to international shocks. Top workers that move within the group in response to shocks reach higher positions and earn higher wages. We find suggestive evidence that productivity increases when firms receive same-group top workers. Our results are consistent with the hypothesis that, in response to changing opportunities, joint ownership eases the redeployment of workers endowed with general management skills.
dc.fuente.origenWOS
dc.identifier.doi10.1016/j.jcorpfin.2021.102017
dc.identifier.eissn1872-6313
dc.identifier.issn0929-1199
dc.identifier.urihttps://doi.org/10.1016/j.jcorpfin.2021.102017
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/94309
dc.identifier.wosidWOS:000693225000045
dc.language.isoen
dc.revistaJournal of corporate finance
dc.rightsacceso restringido
dc.subjectInternal labor markets
dc.subjectBusiness groups
dc.subjectLabor reallocation
dc.subjectTrade shocks
dc.titleThe internal labor markets of business groups
dc.typeartículo
dc.volumen69
sipa.indexWOS
sipa.trazabilidadWOS;2025-01-12
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