The new empirical economics of management
By: Nicholas Bloom, Renata Lemos, Raffaela Sadun, Daniela Scur, John Van Reenen
Contributors: Lemos, Renata, author; Sadun, Raffaela, author; Scur, Daniela, author; Van Reenen, John, author; Harvard Business School
Series: Working paper / Harvard Business School -- 14-111
Publisher: Harvard Business School
Published: 2014
Place of publication: Boston]
Language: eng
Number of pages: 45
Description: Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across multiple sectors and countries. We developed the survey to try to explain the large and persistent TFP differences across firms and countries. This review paper discusses what has been learned empirically and theoretically from the WMS and other recent work on management practices. Our preliminary results suggest that about a quarter of cross-country and within-country TFP gaps can be accounted for by management practices. Management seems to matter both qualitatively and quantitatively. Competition, governance, human capital and informational frictions help account for the variation in management. We make some suggestions for both policy and future research.
Notes: "April 2014" -- Publisher's website.

Includes bibliographical references (pages 40-45).