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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 …
Persistent link: https://www.econbiz.de/10014250209
Persistent link: https://www.econbiz.de/10004323378
Between one-third and one-half of employees participate directly in company performance through profit sharing, gainsharing, employee ownership, or stock options. This flies in the face of concerns about the free rider problem and worker risk aversion in group incentives, and raises many...
Persistent link: https://www.econbiz.de/10012464414
Motivated by the public debate regarding corporate responsibility, we construct a memory-based model of decision … responsibility make people more averse to bailouts, while reframing the issue in terms of economic trade-offs has opposite effects …
Persistent link: https://www.econbiz.de/10013435138
In 2017, "The Big Three" institutional investors launched campaigns to increase gender diversity on corporate boards. We estimate that their campaigns led American corporations to add at least 2.5 times as many female directors in 2019 as they had in 2016. Firms increased diversity by...
Persistent link: https://www.econbiz.de/10013462705
Calculating the welfare implications of changes to economic policy or shocks requires economists to decide on a normative criterion. One approach is to elicit the relevant moral criteria from real-world policy choices, converting a normative decision into a positive inference, as in the recent...
Persistent link: https://www.econbiz.de/10012456745
The United States is among the most individualistic societies in the world. However, unlike Western European individualism, which is imbued with moral universalism, America's "rugged individualism" is instead particularistic. We link this distinctive cultural configuration to the country's...
Persistent link: https://www.econbiz.de/10014544712
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 …
Persistent link: https://www.econbiz.de/10012463175
We develop a basic framework to understand the organization of highly creative activities. Management faces a …
Persistent link: https://www.econbiz.de/10012465399
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 …
Persistent link: https://www.econbiz.de/10012453002