TY - JOUR
T1 - What drives differences in management practices?
AU - Bloom, Nicholas
AU - Brynjolfsson, Erik
AU - Foster, Lucia
AU - Jarmin, Ron
AU - Patnaik, Megha
AU - Saporta-Eksten, Itay
AU - Van Reenen, John
N1 - Publisher Copyright:
© 2019 American Phytopathological Society. All rights reserved.
PY - 2019/5
Y1 - 2019/5
N2 - 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 fnd an enormous dispersion of management practices across plants, with 40 percent of this variation across plants within the same frm. 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 fnd 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 county, increases the management scores of incumbents.
AB - 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 fnd an enormous dispersion of management practices across plants, with 40 percent of this variation across plants within the same frm. 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 fnd 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 county, increases the management scores of incumbents.
UR - http://www.scopus.com/inward/record.url?scp=85067114009&partnerID=8YFLogxK
U2 - 10.1257/aer.20170491
DO - 10.1257/aer.20170491
M3 - ???researchoutput.researchoutputtypes.contributiontojournal.systematicreview???
AN - SCOPUS:85067114009
SN - 0002-8282
VL - 109
SP - 1648
EP - 1683
JO - American Economic Review
JF - American Economic Review
IS - 5
ER -