Acemoglu, Daron; He, Alex Xi; Le Maire, Daniel - National Bureau of Economic Research - 2022
This paper provides evidence from the US and Denmark that managers with a business degree ("business managers") reduce … by 5 percentage points in the US, and by 3% and 3 percentage points in Denmark. Firms appointing business managers are … retirements and deaths and an IV strategy based on the diffusion of the practice of appointing business managers within industry …