Measuring and explaining management practices across firms and countries

• 成果类型: Article
• 署名作者: Bloom, Nicholas; Van Reenen, John
• 署名单位: University of Cambridge; University of London; London School Economics & Political Science
• 刊物名称: QUARTERLY JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0033-5533
• DOI: 10.1162/qjec.2007.122.4.1351
• 发表日期: 2007
• 页码: 1351-1408
• 关键词: Information technology; PRODUCTIVITY; performance; OWNERSHIP; IMPACT

摘要

We use an innovative survey tool to collect management practice data from 732 medium-sized firms in the United States, France, Germany and the United Kingdom. These measures of managerial practice are strongly associated with firm-level productivity, profitability, Tobin's Q, and survival rates. Management practices also display significant cross-country differences, with U.S. firms on average better managed than European firms, and significant within-country differences, with a long tail of extremely badly managed firms. We find that poor management practices are more prevalent when product market competition is weak and/or when family-owned firms pass management control down to the eldest sons (primogeniture).