Skills combinations and firm performance

Siepel, Josh, Camerani, Roberto and Masucci, Monica (2019) Skills combinations and firm performance. Small Business Economics. ISSN 0921-898X (Accepted)

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Abstract

Creative skills, STEM (science, technology, engineering and mathematics) skills, and management skills have all been positively associated with performance either at the firm or regional level. But do firms that combine these types of skills in their workforce grow more quickly than those that do not? In this paper we compare the impact of STEM, creative and management skills on their own, and in various combinations, on turnover growth. We use a longitudinal dataset of UK firms over the period 2008-2014 with lagged turnover data to explore whether the combination of skills used by a firm impacts its future turnover growth. Using fixed-effect panel models and pooled OLS, we find that the performance benefits associated with both STEM and creative skills materialize when they are combined with each other or with management skills rather than when they are deployed on their own.

Item Type: Article
Keywords: STEM skills; creative skills; Firm Growth; skill combinations; STEAM skills; management skills
Schools and Departments: School of Business, Management and Economics > Business and Management
School of Business, Management and Economics > SPRU - Science Policy Research Unit
Subjects: H Social Sciences > HD Industries. Land use. Labour > HD0028 Management. Industrial Management > HD0058.7 Organisational behaviour, change and effectiveness. Corporate culture
H Social Sciences > HD Industries. Land use. Labour > HD0028 Management. Industrial Management
H Social Sciences > HD Industries. Land use. Labour > HD4801 Labour. Work. Working class > HD4904.7 Human capital
Depositing User: Josh Siepel
Date Deposited: 25 Jul 2019 09:29
Last Modified: 25 Jul 2019 09:30
URI: http://sro.sussex.ac.uk/id/eprint/85108

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Project NameSussex Project NumberFunderFunder Ref
Brighton Fuse 2 (Brighton University lead)G1311AHRC-ARTS & HUMANITIES RESEARCH COUNCILAH/L504026/1
Creative Industries Policy and Evidence CentreG2609AHRC-ARTS & HUMANITIES RESEARCH COUNCILAH/S001298/1