In the literature the issue of the protection of stakeholder interests (of employees in particular) is usually considered in a static context: how should the institutions of corporate governance be shaped having regard to already existing firms, conforming in particular to some subjective...

This paper analyzes how non-competes, via wage bargaining, can affect firms’ incentives to provide their employees with on-the-job training. The results show that non-competes increase incentives to provide general training, but reduce those related to specific training.