NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Wrongful Discharge Laws and Innovation

Viral V. Acharya, Ramin P. Baghai, Krishnamurthy V. Subramanian

NBER Working Paper No. 18516
Issued in November 2012

---- Acknowledgements -----

We are grateful to Hanh Le and Ajay Yadav for excellent research assistance, to Jason Sturgess for his kind help with the BEA data, Milo Bianchi (Third Paris Spring Corporate Finance Conference discussant), Thomas Chemmanur, Gustavo Manso, and Amit Seru (EFIC Discussant) as well as seminar and conference participants at the American Law and Economics Annual Meeting (2009), the Indian School of Business, the Entrepreneurial Finance and Innovation Conference 2010 (EFIC), and the Third Paris Spring Corporate Finance Conference 2011 for valuable comments and suggestions. We would also like to thank Ashwini Agrawal and David Matsa for sharing with us their data on state unemployment insurance benefits. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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