We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment … dynamic, heterogeneous firms model we show that: (i) investment and entry into export markets is reduced when trade policy is …

-econometric evaluation of their causal effects is rare. We exploit multiple changes in the area-specific eligibility criteria for a major … positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective. …

This Paper investigates the empirical relationship between uncertainty and investment dynamics. This is motivated by … the real options literature, which suggests a weaker response of investment to demand shocks at higher levels of … can be detected as a smaller impact of sales growth on investment for firms facing higher uncertainty. Using a stock …

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 … Poland and Lithuania operate with management practices that are only moderately worse than those of western European …

Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across … 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 …

The Census Bureau recently conducted a survey of management practices in over 30,000 plants across the US, the first … large-scale survey of management in America. Analyzing these data reveals several striking results. First, more structured … management practices are tightly linked to higher levels of IT intensity in terms of a higher expenditure on IT and more on …

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … management quality - measured using a new survey tool - is strongly correlated with financial and clinical outcomes such as … a greater number of neighboring hospitals) is positively correlated with increased management quality, and this …