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...

Much of the existing literature has focused on financial incentives to align individual behaviour with organizational goals, based on the assumption that individual behaviour is largely motivated by expected pecuniary payoffs. However, past and more recent economic developments show that...