Coping with COVID-19 : Does Management Make Firms More Resilient?

Coping with COVID-19 : Does Management Make Firms More Resilient?

The spread of COVID-19 has disrupted firm operations on a global scale. Using a comprehensive data set that observes over 3,000 firms in 16 countries, including several developing countries, shortly before and after the pandemic, we relate firms’ structured management practices to post- COIVD-1...

Full description

Bibliographic Details
Main Authors: Grover, Arti, Karplus, Valerie J.
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PANDEMIC RESPONSE
CORPORATE GOVERNANCE
INNOVATION
ENTREPRENEURSHIP
LABOR PRACTICE
SOCIAL RESPONSIBILITY
MANAGEMENT PRACTICES
Online Access:http://documents.worldbank.org/curated/en/829711611084759307/Coping-with-COVID-19-Does-Management-Make-Firms-More-Resilient
http://hdl.handle.net/10986/35028
id okr-10986-35028
recordtype oai_dc
spelling okr-10986-350282022-09-20T00:09:24Z Coping with COVID-19 : Does Management Make Firms More Resilient? Grover, Arti Karplus, Valerie J. CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE CORPORATE GOVERNANCE INNOVATION ENTREPRENEURSHIP LABOR PRACTICE SOCIAL RESPONSIBILITY MANAGEMENT PRACTICES The spread of COVID-19 has disrupted firm operations on a global scale. Using a comprehensive data set that observes over 3,000 firms in 16 countries, including several developing countries, shortly before and after the pandemic, we relate firms’ structured management practices to post- COIVD-19 outcomes, and report four main findings. First, structured management practices are associated with more limited downside impacts of the crisis on firm sales and survival in manufacturing but not in services. Better managed manufacturing firms, on average, experience a smaller reduction in sales. Second, in both manufacturing and services, structured management practice scores are correlated with a firm’s ability to adjust or convert product mix and shift to online work arrangements. Third, management scores are not correlated with firm’s ability to adjust on employment margins. Fourth, the resilience of better managed firms is related primarily to incentive practices and is uncorrelated with operations or targeting practices. Monitoring practice scores show a modest correlation with a firm’s ability to switch to remote work arrangements. 2021-01-21T15:50:04Z 2021-01-21T15:50:04Z 2021-01 Working Paper http://documents.worldbank.org/curated/en/829711611084759307/Coping-with-COVID-19-Does-Management-Make-Firms-More-Resilient http://hdl.handle.net/10986/35028 English Policy Research Working Paper;No. 9514 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PANDEMIC RESPONSE
CORPORATE GOVERNANCE
INNOVATION
ENTREPRENEURSHIP
LABOR PRACTICE
SOCIAL RESPONSIBILITY
MANAGEMENT PRACTICES
spellingShingle CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PANDEMIC RESPONSE
CORPORATE GOVERNANCE
INNOVATION
ENTREPRENEURSHIP
LABOR PRACTICE
SOCIAL RESPONSIBILITY
MANAGEMENT PRACTICES
Grover, Arti
Karplus, Valerie J.
Coping with COVID-19 : Does Management Make Firms More Resilient?
relation Policy Research Working Paper;No. 9514
description The spread of COVID-19 has disrupted firm operations on a global scale. Using a comprehensive data set that observes over 3,000 firms in 16 countries, including several developing countries, shortly before and after the pandemic, we relate firms’ structured management practices to post- COIVD-19 outcomes, and report four main findings. First, structured management practices are associated with more limited downside impacts of the crisis on firm sales and survival in manufacturing but not in services. Better managed manufacturing firms, on average, experience a smaller reduction in sales. Second, in both manufacturing and services, structured management practice scores are correlated with a firm’s ability to adjust or convert product mix and shift to online work arrangements. Third, management scores are not correlated with firm’s ability to adjust on employment margins. Fourth, the resilience of better managed firms is related primarily to incentive practices and is uncorrelated with operations or targeting practices. Monitoring practice scores show a modest correlation with a firm’s ability to switch to remote work arrangements.
format Working Paper
author Grover, Arti
Karplus, Valerie J.
author_facet Grover, Arti
Karplus, Valerie J.
author_sort Grover, Arti
title Coping with COVID-19 : Does Management Make Firms More Resilient?
title_short Coping with COVID-19 : Does Management Make Firms More Resilient?
title_full Coping with COVID-19 : Does Management Make Firms More Resilient?
title_fullStr Coping with COVID-19 : Does Management Make Firms More Resilient?
title_full_unstemmed Coping with COVID-19 : Does Management Make Firms More Resilient?
title_sort coping with covid-19 : does management make firms more resilient?
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/en/829711611084759307/Coping-with-COVID-19-Does-Management-Make-Firms-More-Resilient
http://hdl.handle.net/10986/35028
_version_ 1764482169598640128

Similar Items