【主讲】Jennifer Brown 副教授 (Northwestern University)
【主题】Boarding a Sinking Ship? An Investigation of Job Applications to Distressed Firms
【时间】2013年4月23日 (周二) 15：30-17：00
【地点】上海财经大学经济学院楼710室
【语言】英文
【摘要】We use novel data from a leading online job search platform to examine the impact of corporate distress on firms' ability to attract job applicants. Survey responses suggest that job seekers accurately perceive firms' financial health, as measured by the companies' credit default swap price s. Analyzing responses to job postings by major financial firms during the recent financial crisis, we find that an increase in an employer's distress results in fewer and lower quality applicants. These effects are particularly evident when the social safety net provides workers with weak protection against unemployment and for positions requiring advanced training.
