The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Wrongful Discharge Laws and Innovation
Abstract
We show that wrongful discharge laws—laws that protect employees against unjust dismissal—spur innovation and new firm creation. Wrongful discharge laws, particularly those that prohibit employers from acting in bad faith ex post, limit employers' ability to hold up innovating employees after the innovation is successful. By reducing the possibility of holdup, these laws enhance employees'innovative efforts and encourage firms to invest in risky but potentially mould-breaking projects. We develop a model and provide supporting empirical evidence of this effect using the staggered adoption of wrongful discharge laws across U.S. states.
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How Much Should We Trust Differences-in-Differences Estimates?
Bertrand, M., Duflo, E., & Mullainathan, S. (2004) · The Quarterly Journal of Economics · doi:10.1162/003355304772839588 · Cited by 10,641
Mostly Harmless Econometrics: An Empiricist's Companion
Angrist, J. D., & Pischke, J.-S. (2008) · doi:10.2307/j.ctvcm4j72 · Cited by 5,051
Enjoying the Quiet Life? Corporate Governance and Managerial Preferences
Bertrand, M., & Mullainathan, S. (2003) · Journal of Political Economy · doi:10.1086/376950 · Cited by 3,777
Cited by
Cost pressure or innovation-driven? Social insurance and firm exporting
Zhao, X., Jia, C., & Li, H. (2025) · International Review of Financial Analysis · doi:10.1016/j.irfa.2025.104086 · Cited by 9
Metadata
- Authors
- Acharya, V. V., Baghai, R. P., & Subramanian, K. V.
- Venue
- Review of Financial Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2013-04-04
- Volume
- 27
- Issue
- 1
- Pages
- 301-346
- ISSN
- 0893-9454 (ISSN-L)
- 1465-7368
- OpenAlex
- W3125689578
- Cited by
- 579
- References
- 3
- FWCI
- 55.86
- Type
- journal article
- Language
- en
- Open access
- closed
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