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We exploit a unique combination of administrative sources and survey data to study the match between firms and managers. The data includes manager characteristics, such as risk aversion and talent; firm characteristics, such as ownership; detailed measures of managerial practices relative to...
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We develop a model of internal governance where the self-serving actions of top management are limited by the potential …
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We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then … match this management data to production and energy usage information for establishments owned by these firms. We find that … relation to other factor inputs. This is quantitatively substantial: going from the 25th to the 75th percentile of management …
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secure persistently superior performance via investments in better management and organization. We empirically analyze the … management is driven by two key organizational trade-offs: employee initiative vs. coordination as well as exploration of novel …
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