The effect of employee mobility on firm innovation
研究发现员工流动性越高的企业，专利数量和质量越高，创新效率也更高，且这一效应在劳动密集、业务多元、工会率低的企业中更明显。
Abstract We study the effect of employee mobility on firm innovation. Using an occupation‐based measure of employee mobility, we find that firms with more mobile workforces are associated with greater patent quantity and quality and higher innovation efficiency. This effect is more pronounced for firms with higher labor intensity, greater business diversification, and lower unionization rates. Both the private market value of innovation and the effectiveness of innovation to generate revenues increase with higher employee mobility. Consistent results are found using a quasi‐experimental shock, which helps address endogeneity concerns. Our findings suggest that employee mobility has a profound impact on innovation.