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Business benefits of local universities: more skills and better management

Andy Feng and Anna Valero

CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE

Abstract: Universities are widely seen as a source of strength for local economies. Research by Andy Feng and Anna Valero confirms their potential contribution to business: firms closer to universities tend to hire better managers and workers, and have better management practices. The effect seems to be driven by universities raising the supply of skilled workers and hence reducing the cost.

Keywords: management practices; human capital; universities; complementarities (search for similar items in EconPapers)
JEL-codes: I23 I26 J24 L2 M2 (search for similar items in EconPapers)
Date: 2019-11-01
New Economics Papers: this item is included in nep-hrm and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:564

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