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The Land that Lean Manufacturing Forgot? Management Practices in Transition Countries

Bloom, Nicholas - 2011

We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are below emerging countries such as Brazil, China and...

Persistent link: https://www.econbiz.de/10012461426

All Clear for Takeoff : Evidence from Airports on the Effects of Infrastructure Privatization

Howell, Sabrina T.; Jang, Yeejin; Kim, Hyeik; Weisbach, … - National Bureau of Economic Research - 2022

control rights alone is associated with the most improvement after privatization …Infrastructure assets have undergone substantial privatization in recent decades. How do different types of owners … target and manage these assets? And does the contract form--control rights (concession) vs. outright ownership (sale …

Persistent link: https://www.econbiz.de/10013435106

Boards of Directors as an Endogenously Determined Institution : A Survey of the Economic Literature

Hermalin, Benjamin E. - 2001

This paper surveys the economic literature on boards of directors. Although a legal requirement for many organizations, boards are also an endogenously determined governance mechanism for addressing agency problems inherent to many organizations. Formal theory on boards of directors has been...

Persistent link: https://www.econbiz.de/10012470565

The Impact of Brexit on UK Firms

Bloom, Nicholas - 2019

We use a major new survey of UK firms, the Decision Maker Panel, to assess the impact of the June 2016 Brexit referendum. We identify three key results. First, the UK's decision to leave the EU has generated a large, broad and long-lasting increase in uncertainty. Second, anticipation of Brexit...

Persistent link: https://www.econbiz.de/10012480162

Firm Performance and Macro Forecast Accuracy

Tanaka, Mari - 2018

Ever since Keynes' famous quote about animal spirits, there has been an interest in linking firms' expectations and actions. However, empirical evidence has been limited due to a lack of firm-level panel data on expectations and outcomes. In this paper, we build such a dataset by combining a...

Persistent link: https://www.econbiz.de/10012452945

Do Well Managed Firms Make Better Forecasts?

Bloom, Nicholas; Kawakubo, Takafumi; Meng, Charlotte; … - National Bureau of Economic Research - 2021

We link a new UK management survey covering 8,000 firms to panel data on productivity in manufacturing and services. There is a large variation in management practices, which are highly correlated with productivity, profitability and size. Uniquely, the survey collects firms' micro forecasts of...

Persistent link: https://www.econbiz.de/10012794618

Management and Misallocation in Mexico

Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana - National Bureau of Economic Research - 2022

We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of greater misallocation in Mexico is the weaker...

Persistent link: https://www.econbiz.de/10012938686

The State of Corporate Governance Research

Bebchuk, Lucian A. - 2009

This paper, which introduces the special issue on corporate governance co-sponsored by the Review of Financial Studies and the National Bureau of Economic Research (NBER), reviews and comments on the state of corporate governance research. The special issue features seven papers on corporate...

Persistent link: https://www.econbiz.de/10012463112

Does Management Matter? Evidence from India

Bloom, Nicholas - 2011

on modern management practices to a randomly chosen set of treatment plants and compared their performance to the control …

Persistent link: https://www.econbiz.de/10012461999

The New Empirical Economics of Management

Bloom, Nicholas - 2014

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...

Persistent link: https://www.econbiz.de/10012458562