FRIC/Finance seminar with Rui Silva, London Business School

On June 15, 2018, Rui Silva, London Business School will be giving a seminar on the paper: "Bankruptcy, Team-specific Human Capital, and Productivity: Evidence from U.S. Inventors"

Friday, June 15, 2018 - 11:00 to 12:15

The Department of Finance and FRIC, Center for Financial Frictions, are proud to announce the upcoming seminar with Rui Silva, London Business School.

Rui Silva will present:

PDF icon"Bankruptcy, Team-specific Human Capital, and Productivity: Evidence from U.S. Inventors"


Authors:
Ramin P. Bagha
Rui C. Silva
Luofu Ye
 

Abstract:
We study the impact of corporate bankruptcies on the productivity and career of inventors in the United States. We find that the quality of patents produced by inventors decreases after bankruptcy; this effect is exacerbated when inventor teams are dissolved during bankruptcy. Furthermore, workers affected by team dissolution are less likely to remain active as inventors. When, instead, inventor teams remain intact and jointly move to a new firm, their post-bankruptcy productivity increases. Consistent with the labor market recognizing the value of team stability, the probability of joint inventor relocation after bankruptcy is positively associated with past collaboration.
 

Location:
Solbjerg Plads 3,
2000 Frederiksberg
Room: SPs13

The page was last edited by: Department of Finance // 10/08/2019