| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16064 |
| DP16064 Managerial Talent and Managerial Practices: Are They Complements? | |
| Audinga Baltrunaite; Giulia Bovini; Sauro Mocetti | |
| 发表日期 | 2021-04-22 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We examine the role of managerial talent and its interaction with managerial practices in determining firm performance. We build a matched firm-director panel dataset for the universe of limited liability companies in Italy, tracking individuals across different firms over time. We define managerial talent as management's capacity to boost firms' total factor productivity, estimated using a two-way fixed effects model. Combining the data with survey information on a representative sample of firms, we then document that our measure of talent correlates with ex-ante and ex-post indicators of ability, i.e. managers' educational attainment and their forecast precision with respect to the firm's future performance. Most important, we leverage information on the adoption of managerial practices within the firm to examine potential synergies between managerial talent and structured managerial practices, thus bridging two separate strands of the literature. While talent and structured practices do boost firm productivity on their own, there is evidence of complementarities between the two. These findings hold both in a cross-sectional setting and in a panel analysis that accounts for time-invariant firm heterogeneity. Overall, our results indicate that the effectiveness of managerial practices depends on managers' ability to implement them. |
| 主题 | Organizational Economics |
| 关键词 | Board of directors Managers Corporate governance Productivity Managerial practices |
| URL | https://cepr.org/publications/dp16064-0 |
| 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/545042 |
| 推荐引用方式 GB/T 7714 | Audinga Baltrunaite,Giulia Bovini,Sauro Mocetti. DP16064 Managerial Talent and Managerial Practices: Are They Complements?. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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