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Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - Centre for Economic Performance, LSE - 2013

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

Persistent link: https://www.econbiz.de/10010655943

Trapped Factors and China's Impact on Global Growth

Bloom, Nicholas; Romer, Paul; Terry, Stephen; Reenen, … - Centre for Economic Performance, LSE - 2014

long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated … inside firms, which lowers the opportunity cost of innovation, generating an additional "trapped factor" effect. Starting …

Persistent link: https://www.econbiz.de/10010747939

A Trapped Factors Model of Innovation

Bloom, Nicholas; Romer, Paul; Terry, Stephen; Reenen, … - Centre for Economic Performance, LSE - 2013

When will reducing trade barriers against a low wage country cause innovation to increase in high wage regions like the … cost of innovating falls. Interestingly, the "China shock" is more likely to induce innovation than liberalization with … be faster long-run growth through innovation in the US and that, in the short run, this is magnified by the trapped …

Persistent link: https://www.econbiz.de/10010610737

In brief: Management in America

Bloom, Nicholas; Brynjolfsson, Erik; Foster, Lucia; … - Centre for Economic Performance, LSE - 2014

There are strong links between the performance of US manufacturing plants and the quality of their systems of monitoring, targets and incentives, according to research by Professor Nicholas Bloom and colleagues. Their analysis of data on more than 30,000 establishments, gathered in the first...

Persistent link: https://www.econbiz.de/10010765686

IT and Management in America

Bloom, Nicholas; Brynjolfsson, Erik; Foster, Lucia; … - Centre for Economic Performance, LSE - 2014

, higher rates of innovation and faster employment growth. Second, there is a substantial dispersion of management practices …

Persistent link: https://www.econbiz.de/10010741465

What Do We Know About China's CEO's? Evidence from Across the Whole Economy

Bryson, Alex; Forth, John; Zhou, Minghai - Centre for Economic Performance, LSE - 2012

All that we know about the CEO labour market in China comes from studies of public listed companies and state-owned enterprises (SOEs). This paper is the first to examine the operation of the CEO labour market across all sectors of the Chinese economy. We do so using World Bank enterprise data...

Persistent link: https://www.econbiz.de/10010700445

The CEO Labour Market in China's Public Listed Companies

Bryson, Alex; Forth, John; Zhou, Minghai - Centre for Economic Performance, LSE - 2012

Using panel data for all of China's public listed firms over the period 2001-2010 we examine how firms have recruited and rewarded their executives over a decade of huge growth and turbulence. CEO pay is sensitive to firm performance, although the elasticities are lower than for the United...

Persistent link: https://www.econbiz.de/10010551657

CEO Incentive Contracts in China: Why Does City Location Matter?

Bryson, Alex; Forth, John; Zhou, Minghai - Centre for Economic Performance, LSE - 2013

CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We show that city and provincial policy experiments help explain this variance. We examine the role of two policy experiments: the use of Special Economic Zones (SEZs) to attract...

Persistent link: https://www.econbiz.de/10010610739

CEO Bonding: Who Posts Performance Bonds and Why?

Bryson, Alex; Forth, John; Zhou, Minghai - Centre for Economic Performance, LSE - 2012

Despite their theoretical value in tackling principal-agent problems at low cost to firms there is almost no empirical literature on the prevalence and correlates of performance bonds posted by corporate executives. Using data for China we examine their incidence and test propositions from...

Persistent link: https://www.econbiz.de/10010535360

Fluctuations in Uncertainty

Bloom, Nicholas - Centre for Economic Performance, LSE - 2013

stimulate longer-run innovation. Finally, in terms of the Great Recession, the large jump in uncertainty in 2008 potentially …

Persistent link: https://www.econbiz.de/10010721674