Portal de Periódicos da CAPES

Management as a Technology?

2016; RELX Group (Netherlands); Linguagem: Inglês

10.2139/ssrn.2797558

1556-5068

Nicholas Bloom, Raffaella Sadun, John Van Reenen,

Corporate Finance and Governance

Download This Paper Open PDF in Browser Add Paper to My Library Share: Permalink Using these links will ensure access to this page indefinitely Copy URL Management as a Technology? 67 Pages Posted: 20 Jun 2016 See all articles by Nicholas BloomNicholas BloomStanford University - Department of Economics; National Bureau of Economic Research (NBER)Raffaella SadunHarvard University - Strategy Unit; London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP); National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)John Van ReenenLondon School of Economics - Centre for Economic Performance (CEP); Stanford Graduate School of Business; Institute for Fiscal Studies (IFS); Centre for Economic Policy Research (CEPR) There are 3 versions of this paper Management as a Technology? Harvard Business School Strategy Unit Working Paper No. 16-133, Stanford University Graduate School of Business Research Paper No. 16-27 Number of pages: 81 Posted: 03 Jun 2016 Last Revised: 09 Apr 2018 Downloads 594 Management as a Technology? Number of pages: 67 Posted: 20 Jun 2016 You are currently viewing this paper Downloads 54 Management as a Technology? Number of pages: 80 Posted: 13 Jun 2016 Last Revised: 29 Jun 2016 Downloads 37 Abstract Are some management practices akin to a technology that can explain company and national productivity, or do they simply reflect contingent management styles? We collect data on core management practices from over 11,000 firms in 34 countries. We find large cross-country differences in the adoption of basic management practices, with the US having the highest size-weighted average management score. We present a formal model of "Management as a Technology", and structurally estimate it using panel data to recover parameters including the depreciation rate and adjustment costs of managerial capital (both found to be larger than for tangible non-managerial capital). Our model also predicts (i) a positive effect of management on firm performance; (ii) a positive relationship between product market competition and average management quality (part of which stems from the larger covariance between management with firm size as competition strengthens); and (iii) a rise (fall) in the level (dispersion) of management with firm age. We find strong empirical support for all of these predictions in our data. Finally, building on our model, we find that differences in management practices account for about 30% of cross-country total factor productivity differences. Keywords: management practices, productivity, competition JEL Classification: L2, M2, O32, O33 Suggested Citation: Suggested Citation Bloom, Nicholas and Sadun, Raffaella and Van Reenen, John Michael and Van Reenen, John Michael, Management as a Technology?. Available at SSRN: https://ssrn.com/abstract=2797558 Nicholas Bloom (Contact Author) Stanford University - Department of Economics ( email ) Landau Economics Building, Room 231579 Serra MallStanford, CA 94305-6072United States650-725-7836 (Phone) HOME PAGE: http://economics.stanford.edu/faculty/bloom National Bureau of Economic Research (NBER) ( email ) 1050 Massachusetts AvenueCambridge, MA 02138United States Raffaella Sadun Harvard University - Strategy Unit ( email ) Harvard Business SchoolSoldiers Field RoadBoston, 02163United States HOME PAGE: http://people.hbs.edu/rsadun London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP) ( email ) Houghton StreetLondon WC2A 2AEUnited Kingdom HOME PAGE: http://cep.lse.ac.uk/_new/staff/person.asp?id=1758 National Bureau of Economic Research (NBER) ( email ) 1050 Massachusetts AvenueCambridge, MA 02138United States Centre for Economic Policy Research (CEPR) ( email ) LondonUnited Kingdom John Michael Van Reenen Stanford Graduate School of Business ( email ) 655 Knight WayStanford, CA 94305-5015United States London School of Economics - Centre for Economic Performance (CEP) ( email ) Houghton StreetLondon WC2A 2AEUnited Kingdom+44 20 7955 6976 (Phone)+44 20 7955 6848 (Fax) Institute for Fiscal Studies (IFS) ( email ) 7 Ridgmount StreetLondon, WC1E 7AEUnited Kingdom+44 20 7240 6740 (Phone)+44 20 7240 6136 (Fax) Centre for Economic Policy Research (CEPR) LondonUnited Kingdom Download This Paper Open PDF in Browser Do you have a job opening that you would like to promote on SSRN? Place job opening Paper statistics Downloads 54 Abstract Views 654 rank 48,396 70 References PlumX Metrics Related eJournals IZA Institute of Labor Economics Discussion Paper Series Follow IZA Institute of Labor Economics Discussion Paper Series Subscribe to this free journal for more curated articles on this topic FOLLOWERS 7,539 PAPERS 14,412 This Journal is curated by: Klaus F. Zimmermann at Global Labor Organization (GLO), Marco Caliendo at University of Potsdam Ewing Marion Kauffman Foundation Research Paper Series Follow Ewing Marion Kauffman Foundation Research Paper Series Subscribe to this free journal for more curated articles on this topic FOLLOWERS 3,573 PAPERS 4,921 This Journal is curated by: Jessica Looze at Ewing Marion Kauffman Foundation S&P Global Market Intelligence Research Paper Series Follow S&P Global Market Intelligence Research Paper Series Subscribe to this free journal for more curated articles on this topic FOLLOWERS 2,535 PAPERS 34,931 Labor: Human Capital eJournal Follow Labor: Human Capital eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 897 PAPERS 19,895 Organizations & Markets: Policies & Processes eJournal Follow Organizations & Markets: Policies & Processes eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 725 PAPERS 19,220 Labor: Personnel Economics eJournal Follow Labor: Personnel Economics eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 700 PAPERS 14,912 Innovation & Management Science eJournal Follow Innovation & Management Science eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 304 PAPERS 6,789 Information Systems & Economics eJournal Follow Information Systems & Economics eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 242 PAPERS 13,500 This Journal is curated by: Erik Brynjolfsson at National Bureau of Economic Research (NBER) Feedback Feedback to SSRN Feedback (required) Email (required) Submit If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday. Submit a Paper Section 508 Text Only Pages SSRN Quick Links SSRN Solutions Research Paper Series Conference Papers Partners in Publishing Jobs & Announcements Newsletter Sign Up SSRN Rankings Top Papers Top Authors Top Organizations About SSRN SSRN Objectives Network Directors Presidential Letter Announcements Contact us FAQs Copyright Terms and Conditions Privacy Policy We use cookies to help provide and enhance our service and tailor content. To learn more, visit Cookie Settings. This page was processed by aws-apollo4 in 0.230 seconds