Managerial delegation is essential for firm growth. While firms in poor countries often shun outside managers and … entrepreneurs have fixed-time endowments to run their daily operations. As firms grow larger, the need to delegate decision …. We calibrate the model to firm-level data from the U.S. and India. We show that the model is quantitatively consistent …

Managerial delegation is essential for firm growth. While firms in poor countries often shun outside managers and … entrepreneurs have fixed-time endowments to run their daily operations. As firms grow larger, the need to delegate decision …. We calibrate the model to firm-level data from the U.S. and India. We show that the model is quantitatively consistent …

This paper develops a theory of firm selection and growth and embeds it into an international trade framework of …