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The New Empirical Economics of Management

Nicholas Bloom (), Renata Lemos, Raffaella Sadun (), Daniela Scur () and John van Reenen ()

CEP Occasional Papers from Centre for Economic Performance, LSE

Abstract: 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.

Keywords: Management; organization; productivity (search for similar items in EconPapers)
JEL-codes: L2 M2 O14 O32 O33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-hrm and nep-tid
Date: 2014-04
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http://cep.lse.ac.uk/pubs/download/occasional/op041.pdf (application/pdf)

Related works:
Working Paper: The new empirical economics of management (2014) Downloads
Working Paper: The new empirical economics of management (2014) Downloads
Working Paper: The New Empirical Economics of Management (2014) Downloads
Working Paper: The New Empirical Economics of Management (2014) Downloads
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