Labour and the Market Value of the Firm What role does labour play in firms’ market value? We explore this question using a production-based asset-pricing model with frictions in the adjustment of both capital and labor. We posit that hiring of labour is akin to investment in capital and that the two interact, with the interaction being a crucial determinant of market value behaviour. We use ag...

Do firms build new capabilities by hiring new people? We explore this question in the context of the pharmaceutical industry’s movement towards science-driven drug discovery. We focus particularly on the potential problem of endogeneity in interpreting correlation between hiring and changes in organizational outcomes as evidence of the impact of new hires on the firm, and on the more fundamenta...

AIM The purpose of the study was to learn about the opinions of employers from small and medium sized enterprises regarding hiring mentally ill people and to identify barriers hindering such employment. METHOD The study was carried out by the Public Opinion Research Center in 2007 on an all-Poland representative sample of 503 employers. A questionnaire entitled "Employers' opinions on hiring ...

Selecting more effective teachers among job applicants during the hiring process could be a highly cost-effective means of improving educational quality, but there is little research that links information gathered during the hiring process to subsequent teacher performance. We study the relationship among applicant characteristics, hiring outcomes, and teacher performance in Washington DC Publ...

Thank you for considering SHL as your partner for selection assessments. Making the right hiring and promotion decisions can result in a number of positive business outcomes for your organization, including cost savings, increased productivity, and greater employee retention. SHL's suite of assessments and its professional consulting services can help organizations establish hiring and promotio...

The automation of hiring decisions is a well-studied topic in crowdsourcing. Existing hiring algorithms make a common assumption—that each worker has a level of task competence that is static and does not vary over time. In this work, we explore the question of how to hire workers who can learn over time. Using a medical time series classification task as a case study, we conducted experiments ...

The relationship between social segregation and workplace segregation has been traditionally studied as a one-way causal relationship mediated by referral hiring. In this paper we introduce an alternative framework which describes the dynamic relationships between social segregation, workplace segregation, individuals’ homophily levels, and referral hiring. An agent-based simulation model was d...

I investigate whether the presence of intrinsically motivated agents benefits firms in a competitive environment. I find that firms may obtain higher profits by hiring self-interested agents than by hiring motivated agents. This is because the agents’ intrinsic motivation has counteracting effects on the profits obtained by the firms. On the one hand, motivation has a positive impact on the pro...