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We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...
Persistent link: https://www.econbiz.de/10012463878
New developments in the world economy have triggered research designed to better understand the changes in trade and investment patterns, and the reorganization of production across national borders. Although traditional trade theory has much to offer in explaining parts of this puzzle, other...
Persistent link: https://www.econbiz.de/10012466577
There are significant differences in the dynamics of employment over the business cycle between young and old manufacturing plants. Young plants are more sensitive to aggregate disturbances, and they respond to them along different margins. We interpret these differences as reflecting greater...
Persistent link: https://www.econbiz.de/10012472004
management decision-making and policy design. I examine the relationship between 14 specific practices and whether large firms in …
Persistent link: https://www.econbiz.de/10014226139
Beginning in 2008, we ran a randomized controlled trial that changed management practices in a set of Indian weaving … management practices adopted in the original experimental plants had been dropped, there was still a large and significant gap in … control plants, suggesting lasting impacts of effective management interventions. Second, while few management practices had …
Persistent link: https://www.econbiz.de/10012453465
Are some management practices akin to a technology that can explain firm and national productivity, or do they simply … reflect contingent management styles? We collect data on core management practices from over 11,000 firms in 34 countries. We … find large cross-country differences in the adoption of management practices, with the US having the highest size …
Persistent link: https://www.econbiz.de/10012456349