Modern management
Subtitle: good for the environment or just hot air?
By: Nicholas Bloom ... [et al.]
Contributors: Bloom, Nick, 1973-; London School of Economics and Political Science. Centre for Economic Performance.
Series: CEP discussion paper -- no. 891
Publisher: Centre for Economic Performance, London School of Economics and Political Science
Published: 2008
Place of publication: London
Language: eng
Format: Electronic resource
Description: We use an innovative methodology to measure management practices in over 300 manufacturing  firms in the UK. We then match this management data to production and energy usage information for establishments owned by these firms. We find that establishments in better managed firms are  significantly less energy intensive. They use less energy per unit of output, and also in relation to  other factor inputs. This is quantitatively substantial: going from the 25th to the 75th percentile of  management practices is associated with a 17.4% reduction in energy intensity. This negative  relationship is robust to a variety of controls for industry, location, technology and other factor inputs.  Better managed firms are also significantly more productive. One interpretation of these results is that well managed firms are adopting modern lean manufacturing practices, which allows them to increase productivity by using energy more efficiently. This suggests that improving the management practicesof manufacturing firms may help to reduce greenhouse gas emissions.
Notes: Title from PDF file (viewed on Dec. 5, 2008).

"October 2008."

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.