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Skills combinations and firm performance
Version 2 2023-06-07, 08:25
Version 1 2023-06-07, 06:39
journal contribution
posted on 2023-06-07, 08:25 authored by Josh SiepelJosh Siepel, Roberto CameraniRoberto Camerani, Monica MasucciMonica MasucciCreative skills, STEM(science, technology, engineering and mathematics) skills and management skills have all been positively associated with firm performance as well as regional growth. But do firms that combine these types of skills in their workforce grow more quickly than those that do not? 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 and pooled OLS models, 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.
Funding
Creative Industries Policy and Evidence Centre; G2609; AHRC-ARTS & HUMANITIES RESEARCH COUNCIL; AH/S001298/1
Brighton Fuse 2 (Brighton University lead); G1311; AHRC-ARTS & HUMANITIES RESEARCH COUNCIL; AH/L504026/1
History
Publication status
- Published
File Version
- Published version
Journal
Small Business EconomicsISSN
0921-898XPublisher
SpringerExternal DOI
Page range
1-23Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2019-07-25First Open Access (FOA) Date
2019-11-01First Compliant Deposit (FCD) Date
2019-07-24Usage metrics
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