Channels of Managerial Capital Accumulation - A Framework and New Evidence from UK Microdata

Anna Ardanaz-Badia, Josh Martin, Mika Morgan and Jakob Scheebacher ()

Economic Statistics Centre of Excellence (ESCoE) Discussion Papers from Economic Statistics Centre of Excellence (ESCoE)

Abstract: Organisational capital is usually estimated indirectly, from workforce data or as a residual from balance sheets. In this paper, we focus on a particular subset of organisational capital: managerial capital. We propose a comprehensive framework for measuring the contribution of different channels of managerial capital accumulation, investigate how to measure them in UK microdata sources, and highlight the trade-offs involved in the available choices. We then use novel evidence on the distribution of management scores in Great Britain from the Management and Expectations Survey (MES) to empirically assess the relative importance of these different accumulation channels. Our analysis provides a user guide for other researchers and new facts about managerial capital in Great Britain. We find high correlations between the different channels of managerial capital accumulation, and distinct bundles of choices across industries and types of firms.

Keywords: intangible assets; management; managerial capital; organisational capital (search for similar items in EconPapers)
JEL-codes: E22 M10 (search for similar items in EconPapers)
Date: 2022-06
New Economics Papers: this item is included in nep-mac
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