| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5566 |
| DP5566 Mixed Bundling Auctions | |
| Philippe Jehiel; Benny Moldovanu; Moritz Meyer-Ter-Vehn | |
| 发表日期 | 2006-03-22 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We use an innovative survey tool to collect management practice data from 732 medium sized manufacturing firms in the US, France, Germany and the UK. These measures of managerial practice are strongly associated with firm-level productivity, profitability, Tobin?s Q, sales growth and survival rates. Management practices also display significant cross-country differences with US firms on average better managed than European firms, and significant within-country differences with a long tail of extremely badly managed firms. We find that poor management practices are more prevalent when (a) product market competition is weak and/or when (b) family-owned firms pass management control down to the eldest sons (primo geniture). European firms report lower levels of competition, while French and British firms also report substantially higher levels of primo geniture due to the influence of Norman legal origin and generous estate duty for family firms. We calculate that product market competition and family firms account for about half of the long tail of badly managed firms and up to two thirds of the American advantage over Europe in management practices. |
| 主题 | Labour Economics |
| 关键词 | Management practices Productivity Competition Family firms |
| URL | https://cepr.org/publications/dp5566 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534421 |
| 推荐引用方式 GB/T 7714 | Philippe Jehiel,Benny Moldovanu,Moritz Meyer-Ter-Vehn. DP5566 Mixed Bundling Auctions. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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