Productivity and Organization in Portuguese Firms

• 成果类型: Article
• 署名作者: Caliendo, Lorenzo; Mion, Giordano; Opromolla, Luca David; Rossi-Hansberg, Esteban
• 署名单位: Yale University; University of Sussex; Banco de Portugal; Princeton University
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• 发表日期: 2020
• 页码: 4211-4257
• 关键词: human-resource management; flattening firm; TRADE; KNOWLEDGE; prices; hierarchies; EFFICIENCY; selection; markups; inputs

摘要

Using employer-employee matched and firm production quantity and input data for Portuguese firms, we study the endogenous response of productivity to firm reorganizations as measured by changes in the number of management layers. We show that, as a result of an exogenous demand or productivity shock that makes the firm reorganize and add a management layer, quantity-based productivity increases by about 6%, while revenue-based productivity drops by around 3%. Such a reorganization makes the firm more productive but also increases the quantity produced to an extent that lowers the price charged by the firm and, as a result, its revenue-based productivity as well.