Managerial ability, layoffs, and unemployment

Guifeng Shi and Li Zhang

Applied Economics Letters, 2019, vol. 26, issue 21, 1785-1789

Abstract: In this paper, we examine the relationship between managerial ability and corporate layoffs as well as unemployment. We find managerial ability is negatively related to layoffs. Further, we find the average managerial ability of a county is negatively related to the county’s unemployment rate. The negative relationship is strengthened in counties with low education or income levels. The above findings are consistent with the notion that high-ability managers are less likely to use layoffs to enhance firm efficiency, and managerial ability is especially important for counties with low education or income levels.

Date: 2019
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DOI: 10.1080/13504851.2019.1602698

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