Samila, Sampsa; Sorenson, Olav - In: Management Science 57 (2011) 3, pp. 425-438
We find that the enforcement of noncompete clauses significantly impedes entrepreneurship and employment growth. Based on a panel of metropolitan areas in the United States from 1993 to 2002, our results indicate that, relative to states that enforce noncompete covenants, an increase in the...