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What Drives Differences in Management Practices?

Bloom, N; Brynjolfsson, E; Foster, L; Jarmin, R; Patnaik, M; Saporta-Eksten, I; Van Reenen, J; (2019) What Drives Differences in Management Practices? American Economic Review , 109 (5) pp. 1648-1683. 10.1257/aer.20170491. Green open access

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Abstract

Partnering with the US Census Bureau, we implement a new survey of "structured" management practices in two waves of 35,000 manufacturing plants in 2010 and 2015. We find an enormous dispersion of management practices across plants, with 40 percent of this variation across plants within the same firm. Management practices account for more than 20 percent of the variation in productivity, a similar, or greater, percentage as that accounted for by R&D, ICT, or human capital. We find evidence of two key drivers to improve management. The business environment, as measured by right-to-work laws, boosts incentive management practices. Learning spillovers, as measured by the arrival of large "Million Dollar Plants" in the country, increase the management scores of incumbents.

Type: Article
Title: What Drives Differences in Management Practices?
Open access status: An open access version is available from UCL Discovery
DOI: 10.1257/aer.20170491
Publisher version: http://dx.doi.org/10.1257/aer.20170491
Language: English
Additional information: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
URI: https://discovery.ucl.ac.uk/id/eprint/10078062
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