It is not possible for a formal employment contract to detail everything an employee should do and when. Informal relationships, in particular trust, allow managers to arrange a business in a more productive way; high-trust firms are both more profitable and faster growing. For example, if they...

It is well established that management practices have on average a significant and large impact on firm output after controling for a range of standard factors such as other inputs, industry etc. We investigate non-linearities in the impact of management practices on firm performance using...

It is well established that management practices have on average a significant and large impact on firm output after controlling for a range of standard factors such as other inputs, industry etc. We investigate non-linearities in the impact of management practices on firm performance using...