Why Do Management Practices Differ across Firms and Countries
Bibliographic Data
| ID | 4753012 |
|---|---|
| Authors | Nena Bloom (0000-0002-1600-7819, National Bureau of Economic Research), Nicholas Bloom (Stanford University, Stanford, California; London School of Economics, London, United Kingdom; National Bureau of Economic Research, Cambridge, Massachusetts.), John Van Reenen (0000-0001-9153-2907, London School of Economics, London, United Kingdom; Center for Economic Performance, London School of Economics, London, United Kingdom; National Bureau of Economic Research, Cambridge, Massachusetts; Centre for Economic Policy, London, United Kingdom.) |
| Year | 2010 |
| Volume | 24 |
| Issue | 1 |
| Pages | 203-224 |
| Publication date | 2010-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.24.1.203 |
| OpenAlex | W2164505476 |
| Language | EN |
| Citations received | 128 |
| References cited | 22 |
Economists have long puzzled over the astounding differences in productivity between firms and countries. In this paper, we present evidence on a possible explanation for persistent differences in productivity at the firm and the national level-namely, that such differences largely reflect variations in management practices. We have, over the last decade, undertaken a large survey research program to systematically measure management practices across firms, industries, and countries. Our survey approach focuses on aspects of management like systematic performance monitoring, setting appropriate targets, and providing incentives for good performance. We explain how we measure management; identify some basic patterns in our data; then turn to the question of why management practices vary so much across firms and nations. What we find is a combination of imperfectly competitive markets, family ownership of firms, regulations restricting management practices, and informational barriers allow bad management to persist
Business · Economic growth · Economics · Incentive · Market economy · Productivity · Public economics · Survey data collection · Corporate Finance and Governance · Economic Growth and Productivity · Firm Innovation and Growth
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| Unique citing works | 128 |
|---|---|
| Citations per year | 8 |
| Citation span | 2010 - 2026 (17) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 115 |