Collaboration between individuals in firms has important implications for the development of relational and human capital and is thus of critical concern to individuals and firms alike. In knowledge-intensive contexts where collaborations are formed to deliver services to clients, collaboration...

Research summaryWe examine how human-capital-intensive firms deploy their human assets and how firm-specific human capital interacts with incentives to influence this deployment. Our empirical context is the UK M&A legal market, where micro-data enable us to observe the allocation of lawyers to...

This paper studies inherited agglomeration effects, how human capital that accrues to managers while working at a parent firm in an industry hub can be subsequently transferred to a spinoff. We test for inherited agglomeration effects in the context of the hedge fund industry and find that hedge...