Convergence to the Managerial Frontier
Using detailed survey data on management practices, this paper uses recent advances in unconditional quantile analysis to study the changes in the within country distribution of management quality associated with country convergence to the manageri...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/03/19305148/convergence-managerial-frontier http://hdl.handle.net/10986/17736 |
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okr-10986-177362021-04-23T14:03:40Z Convergence to the Managerial Frontier Maloney, William F. Sarrias, Mauricio ACCOUNTING AFFILIATED ORGANIZATIONS BENCHMARK COLLEGE GRADUATES COMPANY COMPETITIVE ADVANTAGE COMPETITIVENESS COMPETITORS DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DRIVERS ECONOMETRICS ECONOMICS RESEARCH EMPLOYEE EXPORTS FIRM LEVEL FIRM PRODUCTIVITY FIRM SIZE FIRM TURNOVER FIRMS HUMAN CAPITAL HUMAN RESOURCE HUMAN RESOURCES INCOME INFORMAL SECTOR INNOVATION JOINT VENTURES LABOR ECONOMICS LABOR MARKETS LABOR PRODUCTIVITY M2 MACROECONOMICS MANAGEMENT TECHNIQUES MULTINATIONAL OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES PERFORMANCE MANAGEMENT PERFORMANCE MONITORING PERFORMANCE PAY PREVIOUS DISCUSSION PRIVATE EQUITY PRIVATE FIRM PRODUCT INNOVATION PRODUCT MARKET PRODUCT MARKET COMPETITION PRODUCTIVITY PRODUCTIVITY DISPERSION PRODUCTIVITY GROWTH PROFIT MARGINS PROFITABILITY SHAREHOLDER SHAREHOLDERS SIZE OF FIRMS VENTURE CAPITAL WAGE DIFFERENTIALS WAGE DISCRIMINATION WORKERS Using detailed survey data on management practices, this paper uses recent advances in unconditional quantile analysis to study the changes in the within country distribution of management quality associated with country convergence to the managerial frontier. It then decomposes the contribution of potential explanatory factors to the distributional changes. The United States emerges as the frontier country, not because of better management on average, but because its best firms are far better than those of its close competitors. Part of the process of convergence to the frontier across the development process represents a trimming of the left tail, much is movement of the central mass and, for rich countries, it is actually the best firms that lag the frontier benchmark. Among potential explanatory variables that may drive convergence, ownership and human capital appear critical, the former especially for poorer countries and that latter for richer countries suggesting that the mechanics of convergence change across the process. These variables lose their explanatory power as firm and average country management quality rises. Hence, once in the advanced country range, the factors that improve management quality are less easy to document and hence influence. 2014-04-10T20:29:31Z 2014-04-10T20:29:31Z 2014-03 http://documents.worldbank.org/curated/en/2014/03/19305148/convergence-managerial-frontier http://hdl.handle.net/10986/17736 English en_US Policy Research Working Paper;No. 6822 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING AFFILIATED ORGANIZATIONS BENCHMARK COLLEGE GRADUATES COMPANY COMPETITIVE ADVANTAGE COMPETITIVENESS COMPETITORS DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DRIVERS ECONOMETRICS ECONOMICS RESEARCH EMPLOYEE EXPORTS FIRM LEVEL FIRM PRODUCTIVITY FIRM SIZE FIRM TURNOVER FIRMS HUMAN CAPITAL HUMAN RESOURCE HUMAN RESOURCES INCOME INFORMAL SECTOR INNOVATION JOINT VENTURES LABOR ECONOMICS LABOR MARKETS LABOR PRODUCTIVITY M2 MACROECONOMICS MANAGEMENT TECHNIQUES MULTINATIONAL OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES PERFORMANCE MANAGEMENT PERFORMANCE MONITORING PERFORMANCE PAY PREVIOUS DISCUSSION PRIVATE EQUITY PRIVATE FIRM PRODUCT INNOVATION PRODUCT MARKET PRODUCT MARKET COMPETITION PRODUCTIVITY PRODUCTIVITY DISPERSION PRODUCTIVITY GROWTH PROFIT MARGINS PROFITABILITY SHAREHOLDER SHAREHOLDERS SIZE OF FIRMS VENTURE CAPITAL WAGE DIFFERENTIALS WAGE DISCRIMINATION WORKERS |
| spellingShingle |
ACCOUNTING AFFILIATED ORGANIZATIONS BENCHMARK COLLEGE GRADUATES COMPANY COMPETITIVE ADVANTAGE COMPETITIVENESS COMPETITORS DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DRIVERS ECONOMETRICS ECONOMICS RESEARCH EMPLOYEE EXPORTS FIRM LEVEL FIRM PRODUCTIVITY FIRM SIZE FIRM TURNOVER FIRMS HUMAN CAPITAL HUMAN RESOURCE HUMAN RESOURCES INCOME INFORMAL SECTOR INNOVATION JOINT VENTURES LABOR ECONOMICS LABOR MARKETS LABOR PRODUCTIVITY M2 MACROECONOMICS MANAGEMENT TECHNIQUES MULTINATIONAL OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES PERFORMANCE MANAGEMENT PERFORMANCE MONITORING PERFORMANCE PAY PREVIOUS DISCUSSION PRIVATE EQUITY PRIVATE FIRM PRODUCT INNOVATION PRODUCT MARKET PRODUCT MARKET COMPETITION PRODUCTIVITY PRODUCTIVITY DISPERSION PRODUCTIVITY GROWTH PROFIT MARGINS PROFITABILITY SHAREHOLDER SHAREHOLDERS SIZE OF FIRMS VENTURE CAPITAL WAGE DIFFERENTIALS WAGE DISCRIMINATION WORKERS Maloney, William F. Sarrias, Mauricio Convergence to the Managerial Frontier |
| relation |
Policy Research Working Paper;No. 6822 |
| description |
Using detailed survey data on management
practices, this paper uses recent advances in unconditional
quantile analysis to study the changes in the within country
distribution of management quality associated with country
convergence to the managerial frontier. It then decomposes
the contribution of potential explanatory factors to the
distributional changes. The United States emerges as the
frontier country, not because of better management on
average, but because its best firms are far better than
those of its close competitors. Part of the process of
convergence to the frontier across the development process
represents a trimming of the left tail, much is movement of
the central mass and, for rich countries, it is actually the
best firms that lag the frontier benchmark. Among
potential explanatory variables that may drive convergence,
ownership and human capital appear critical, the former
especially for poorer countries and that latter for richer
countries suggesting that the mechanics of convergence
change across the process. These variables lose their
explanatory power as firm and average country management
quality rises. Hence, once in the advanced country range,
the factors that improve management quality are less easy to
document and hence influence. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Maloney, William F. Sarrias, Mauricio |
| author_facet |
Maloney, William F. Sarrias, Mauricio |
| author_sort |
Maloney, William F. |
| title |
Convergence to the Managerial Frontier |
| title_short |
Convergence to the Managerial Frontier |
| title_full |
Convergence to the Managerial Frontier |
| title_fullStr |
Convergence to the Managerial Frontier |
| title_full_unstemmed |
Convergence to the Managerial Frontier |
| title_sort |
convergence to the managerial frontier |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/03/19305148/convergence-managerial-frontier http://hdl.handle.net/10986/17736 |
| _version_ |
1764438227136020480 |