Measuring and Explaining Management Practices Across Firms and Countries

Nicholas Bloom and John van Reenen

The Quarterly Journal of Economics, 2007, vol. 122, issue 4, 1351-1408

Abstract: We use an innovative survey tool to collect management practice data from 732 medium-sized firms in the United States, France, Germany, and the United Kingdom. These measures of managerial practice are strongly associated with firm-level productivity, profitability, Tobin's Q, and survival rates. Management practices also display significant cross-country differences, with U.S. firms on average better managed than European firms, and significant within-country differences, with a long tail of extremely badly managed firms. We find that poor management practices are more prevalent when product market competition is weak and/or when family-owned firms pass management control down to the eldest sons (primogeniture).

Date: 2007
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Working Paper: Measuring and Explaining Management Practices Across Firms and Countries (2006)
Working Paper: Measuring and Explaining Management Practices Across Firms and Countries (2006)
Working Paper: Measuring and explaining management practices across firms and countries (2006)
Working Paper: Measuring and Explaining Management Practices Across Firms and Countries (2006)
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