Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/300116 
Year of Publication: 
2023
Series/Report no.: 
HFI Working Paper No. 25
Publisher: 
Institute of Retail Economics (HFI), Stockholm
Abstract: 
Hiring new employees is an important part of a new venture's growth. However, we still have limited understanding of the human capital needs of high-growth new ventures, and how their pace of growth relates to whom they hire. We contribute to the literature by investigating 64,404 hires among growing new ventures in Sweden from 2008 to 2015, finding that individuals with higher educational attainment and previous management experience are more likely to be hired by high-growth new ventures. In contrast, we find no indications that unemployed individuals or people that are outside the labor force are more likely to be hired by the fastest growing new ventures. High-growth new ventures are thus more selective in their hiring decisions than new ventures with lower sales growth rates, suggesting that 'the right person' is more important than 'the right time'. These differences in hiring practices are most prevalent during new ventures' first three years of operation and become more negligible as the ventures age.
Subjects: 
Hiring
High-growth new ventures
Firm growth
Human capital
JEL: 
D21
D22
J63
L25
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.