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Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana - National Bureau of Economic Research - 2022

We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US …. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of … greater misallocation in Mexico is the weaker size-management relationship compared to the US, particularly in the highly …

Persistent link: https://www.econbiz.de/10012938686

A Reference Point Theory of Mergers and Acquisitions

Baker, Malcolm - 2009

The use of judgmental anchors or reference points in valuing corporations affects several basic aspects of merger and acquisition activity including offer prices, deal success, market reaction, and merger waves. Offer prices are biased towards the 52-week high, a highly salient but largely...

Persistent link: https://www.econbiz.de/10012463098

Technology, Information and the Decentralization of the Firm

Acemoglu, Daron - 2006

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. However, the manager can use her...

Persistent link: https://www.econbiz.de/10012466463

Disaster Management

Van Reenen, John; Norris Keiller, Agnes - National Bureau of Economic Research - 2024

Management Survey (WMS) that includes new questions on firms' climate change perceptions and adaptation behavior. Combining this …, firms with structured management practices are more resilient, suffering much smaller drops in jobs and capital. To …-targeted. These results show that improving management is one way to help protect economies from climate change shocks …

Persistent link: https://www.econbiz.de/10014576624

Dividends as Reference Points : A Behavioral Signaling Approach

Baker, Malcolm - 2012

We outline a dividend signaling approach in which rational managers signal firm strength to investors who are loss averse to reductions in dividends relative to the reference point set by prior dividends. Managers with strong but unobservable cash earnings separate themselves by paying high...

Persistent link: https://www.econbiz.de/10012460418

Do private equity owned firms have better management practices?

Bloom, Nicholas; Sadun, Raffaella; Van Reenen, John - 2009

We use an innovative survey tool to collect management practice data from over 4,000 medium sized manufacturing firms … owners, this difference is not statistically significant. Looking at management practices in detail we find that Private … Equity-owned firms have strong people management practices (hiring, firing, pay and promotions) but even stronger operations …