The new PPA video: The impact of Work from Home (WFH) during the pandemic
We start 2021 by introducing a new format! In PPA videos, leading professionals from various industries and top researchers in the field...
Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across multiple sectors and countries. We developed the survey to try to explain the large and persistent TFP differences across firms and countries. This review paper discusses what has been learned empirically and theoretically from the WMS and other 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. Competition, governance, human capital and informational frictions help account for the variation in management. We make some suggestions for both policy and future research.
Blog Posts in the category Diversity
Blog Posts in the category Diversity
Blog Posts in the category Leadership