Marketing and distribution expenses are responsible for about a third of the cost of active management in the mutual … skill net of fees. Declining investor search costs over time imply a reduction in marketing expenses and management fees as … fund industry. We develop and estimate a structural model of mutual fund marketing with learning about unobserved skill and …

This paper examines whether management changes caused by the entry of the baby boom into the workforce explain the US … significant role in determining output. If there is heterogeneity across workers and management skill improves with experience, an … influx of young workers will lower the overall quality of management and lower total factor productivity. Census data shows …

We develop a basic framework to understand the organization of highly creative activities. Management faces a …

We present a heterogeneous-firm model in which management ability increases both production efficiency and product … quality. Combining six micro-datasets on management practices, production and trade in Chinese and American firms, we find … inputs, and imported inputs from more advanced countries. The structural estimates indicate that management is important for …

Across many sectors, research has established that management explains a notable portion of productivity differences … across organizations. A remaining question, however, is whether it is managers themselves or firm-wide management practices … this setting, managers move between stores but management practices are set by firm policy and largely fixed, allowing us …

promoted management training trips for European managers at US firms. Through the analysis of reports compiled by UK, France … increase thanks to the program. The fact that European businesses were not forced to adopt the American management model, but …

management practices to US firms involved in war production acted as a technology that put them on a higher growth path for …