Skills combinations and firm performance
Josh Siepel (),
Roberto Camerani () and
Monica Masucci ()
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Josh Siepel: University of Sussex Business School
Roberto Camerani: University of Sussex Business School
Monica Masucci: University of Sussex Business School
Small Business Economics, 2021, vol. 56, issue 4, No 9, 1425-1447
Abstract Creative 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.
Keywords: STEM skills; Creative skills; Firm growth; Skill combinations; STEAM skills; D20; J24; L25; M12; L26 (search for similar items in EconPapers)
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