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Management in production: from unobserved to observed

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journal contribution
posted on 20.04.2018, 13:39 by Thomas TriebsThomas Triebs, Subal C. Kumbhakar
Are productivity estimates good proxies for unobserved management? And, does management affect production in a neutral and monotonic fashion as assumed by these proxies? We use Bloom and Van Reenen’s management data to show that two popular proxies, fixed effects and inefficiency scores, correlate with observed management practices. We find that the correlations are positive but weak. Also, management explains only a fraction of the proxies’ variances. The data rejects the assumptions of neutrality and monotonicity. Last, our results suggest that management has characteristics both of a technology and an input.

History

School

  • Business and Economics

Department

  • Economics

Published in

Journal of Productivity Analysis

Citation

TRIEBS, T.P. and KUMBHAKER, S.C., 2018. Management in production: from unobserved to observed. Journal of Productivity Analysis, 49(2–3), pp 111–121.

Publisher

© The Authors. Published by Springer Verlag

Version

VoR (Version of Record)

Publisher statement

This work is made available according to the conditions of the Creative Commons Attribution 4.0 International (CC BY 4.0) licence. Full details of this licence are available at: http://creativecommons.org/licenses/ by/4.0/

Acceptance date

24/02/2018

Publication date

2018

Notes

This is an Open Access Article. It is published by Springer under the Creative Commons Attribution 4.0 Unported Licence (CC BY). Full details of this licence are available at: http://creativecommons.org/licenses/by/4.0/

ISSN

0895-562X

Language

en