Sadun, Raffaella; Schuh, Rachel J.; Hartley, Jonathan S.; … - National Bureau of Economic Research - 2025
they acquire. To explain these findings we build a model with two key elements. First, management is a combination of firm …-level management ability (e.g. CEO quality), which can be transferred to all plants, and plant-level management practices, which can be … changed through intangible investment (e.g. consulting or training). Second, management both raises productivity and also …