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Are some management practices akin to a technology that can explain company and national productivity, or do they simply reflect contingent management styles? We collect data on core management practices from over 11,000 firms in 34 countries. We find large cross-country differences in the...
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firms with high profits and a low share of labor in firm value-added and sales. As the importance of superstar firms … increases, the aggregate labor share will tend to fall. Our hypothesis offers several testable predictions: industry sales will …
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