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The value of talents

Author

Listed:
  • Nasim Sabah
  • Linh Thompson
  • Zuobao Wei

Abstract

We exploit Employment Non‐Discrimination Acts, Paid Family Medical Leave Acts, and Lilly Ledbetter Fair Pay Act as quasi‐natural experiments to study the value of talents. Our findings suggest that firms with larger capacity to secure and maintain talent pipelines enjoy higher valuations. We further identify a channel through which talents increase firm value: innovation. The value of talents is more significant among high innovation intensity industries in which talents exhibit their value most evidently. Our findings also indicate that talents are costly to obtain and replace.

Suggested Citation

  • Nasim Sabah & Linh Thompson & Zuobao Wei, 2025. "The value of talents," The Financial Review, Eastern Finance Association, vol. 60(1), pages 261-281, February.
    • Handle: RePEc:bla:finrev:v:60:y:2025:i:1:p:261-281
    DOI: 10.1111/fire.12411
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    References listed on IDEAS

    as
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