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Publications
Publications
  • 2014
  • Working Paper
  • HBS Working Paper Series

The New Empirical Economics of Management

By: Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur and John Van Reenen
  • Format:Print
  • | Language:English
  • | Pages:63
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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; Management Practices and Processes; Performance Productivity; Microeconomics

Citation

Bloom, Nicholas, Renata Lemos, Raffaella Sadun, Daniela Scur, and John Van Reenen. "The New Empirical Economics of Management." Harvard Business School Working Paper, No. 14-111, April 2014. (NBER Working Paper Series, No. 20102, April 2014.)
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About The Author

Raffaella Sadun

Strategy
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More from the Authors
  • Ferrari: Shifting to Carbon Neutrality By: Raffaella Sadun, Elena Corsi and Leila Doumi
  • Remote Work across Jobs, Companies, and Space By: Stephen Hansen, Peter John Lambert, Nick Bloom, Steven J. Davis, Raffaella Sadun and Bledi Taska
  • How Does Working from Home during COVID-19 Affect What Managers Do? Evidence from Time-Use Studies By: Thomaz Teodorovicz, Raffaella Sadun, Andrew L. Kun and Orit Shaer
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