estimate impacts from an expansion of group lending at 110% APR by the largest microlender in Mexico. Average effects on a rich …

"spinouts": managers of input divisions can start their own firms, making customized inputs formerly provided internally subject … lead to inefficiently low entry. Vertically integrated firms can fight back by hiring managers for their input divisions …

Using a survey of 800 CEOs in 22 emerging economies we show that CEOs' management styles and philosophy vary with the … hierarchical management, and feel more accountable to stakeholders such as employees and banks than they do to shareholders. They … arrangements in how intensively family members are involved in management …

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 … determining how firms select and motivate managers. In particular, risk-averse managers are matched with firms that offer low …

Dynastic management is the inter-generational transmission of control over assets that is typical of family-owned firms …. It is pervasive around the World, but especially in developing countries. We argue that dynastic management is a … incidence of dynastic management depends on the severity of asset-market imperfections, on the economy's saving rate, and on the …

Management has a large effect on the productivity of large firms. But does management matter in micro and small firms … Bangladesh, Chile, Ghana, Kenya, Mexico, Nigeria and Sri Lanka. We show that variation in business practices explains as much of …

, and market opportunities. This know-how can be reallocated across countries as managers acquire control of factors of …