Management quality, firm organisation and international trade

Cheng Chen 15 December 2013

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Management quality varies widely across countries and has important effects on firm performance (Bloom and Van Reenen 2007, 2010). Cross-nation differences in management quality are also associated with differences in the firm-size distribution, internal structure of firms, and aggregate productivity (Bloom et al. 2012, Hsieh and Klenow 2009, 2012). For example, firms are smaller, less decentralised, and less productive in India compared with firms in the US, which are better managed than Indian firms.

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Topics:  Development Institutions and economics International trade

Tags:  gains from trade, firm organisation, management quality

Firm organisation: What we know and why we should care

Laura Alfaro, Paola Conconi, Harald Fadinger, Patrick Legros, Andrew Newman 02 December 2012

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A series of corporate calamities in the 2000s has helped to arouse suspicion amongst policymakers and the public that corporate organisation matters. Internal organisation issues are blamed for lost jobs, lost pensions and lost fortunes (e.g. Enron, Worldcom); for plane crashes in the US, lead-painted toys from China1, and, most devastatingly of all, the global crisis. These outcomes are increasingly ascribed to unaccountable managers, misaligned ownership structures, outsourcing and other internal organisation issues.

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Topics:  Industrial organisation International trade

Tags:  trade, protectionism, firms, firm organisation

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