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We collect data on operations, targets and human resources management practices in over 1,800 schools educating 15-year …-olds in eight countries. Overall, we show that higher management quality is strongly associated with better educational … outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …
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Partnering with the Census we implement a new survey of "structured" management practices in 32,000 US manufacturing … plants. We find an enormous dispersion of management practices across plants, with 40% of this variation across plants within … the same firm. This management variation accounts for about a fifth of the spread of productivity, a similar fraction as …
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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...
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