Management Practices and Resilience to Shocks: Evidence from COVID-19

References

• Abowd JM, Kramarz F, Margolis DN (1999) High wage workers and high wage firms. Econometrica 67(2):251–333.Crossref, Google Scholar
• Aghion P, Bloom N, Lucking B, Sadun R, Van Reenen J (2021) Turbulence, firm decentralization, and growth in bad times. Amer. Econom. J. Appl. Econom. 13(1):133–169.Crossref, Google Scholar
• Alfaro L, Chari A, Greenland AN, Schott PK (2020) Aggregate and firm-level stock returns during pandemics, in real time. NBER Working Paper No. w26950, National Bureau of Economic Research, Cambridge, MA.Google Scholar
• Altig D, Barrero JM, Bloom N, Davis SJ, Meyer B, Parker N (2020) Surveying business uncertainty. J. Econometrics 231(1):282–303.Crossref, Google Scholar
• Amore MD, Pelucco V, Quarato F (2022) Family ownership during the Covid-19 pandemic. J. Banking Finance 135:106385.Crossref, Google Scholar
• Augier M, Teece DJ (2009) Dynamic capabilities and the role of managers in business strategy and economic performance. Organ. Sci. 20(2):410–421.Link, Google Scholar
• Barrero JM, Bloom N, Davis SJ (2021) Why working from home will stick. NBER Working Paper No. 28731, National Bureau of Economic Research, Cambridge, MA.Google Scholar
• Bartik AW, Bertrand M, Cullen Z, Glaeser EL, Luca M, Stanton C (2020) The impact of COVID-19 on small business outcomes and expectations. Proc. Natl. Acad. Sci. USA 117(30):17656–17666.Crossref, Google Scholar
• Bender S, Bloom N, Card D, Van Reenen J, Wolter S (2018) Management practices, workforce selection, and productivity. J. Labor Econom. 36(S1):S371–S409.Crossref, Google Scholar
• Bloom N, Van Reenen J (2007) Measuring and explaining management practices across firms and countries. Quart. J. Econom. 122(4):1351–1408.Crossref, Google Scholar
• Bloom N, Van Reenen J (2010) Why do management practices differ across firms and countries? J. Econom. Perspect. 24(1):203–224.Crossref, Google Scholar
• Bloom N, Sadun R, Van Reenen J (2012) Americans do IT better: US multinationals and the productivity miracle. Amer. Econom. Rev. 102(1):167–201.Crossref, Google Scholar
• Bloom N, Sadun R, Van Reenen J (2016) Management as a technology? NBER Working Paper No. 22327, National Bureau of Economic Research, Cambridge, MA.Google Scholar
• Bloom N, Iacovone L, Pereira-Lopez M, Van Reenen J (2022) Management and misallocation in Mexico. NBER Working Paper No. 29717, National Bureau of Economic Research, Cambridge, MA.Google Scholar
• Bloom N, Eifert B, Mahajan A, McKenzie D, Roberts J (2013) Does management matter? Evidence from India. Quart. J. Econom. 128(1):1–51.Crossref, Google Scholar
• Bloom N, Davis SJ, Foster L, Lucking B, Ohlmacher S, Saporta-Eksten I (2020) Business-level expectations and uncertainty. Working Paper No. 28259, National Bureau of Economic Research, Cambridge, MA.Google Scholar
• Bloom N, Brynjolfsson E, Foster L, Jarmin R, Patnaik M, Saporta-Eksten I, Van Reenen J (2019) What drives differences in management practices? Amer. Econom. Rev. 109(5):1648–1683.Crossref, Google Scholar
• Bresnahan T, Brynjolfsson E, Hitt L (2002) Information technology, workplace organization, and the demand for skilled labor: Firm-level evidence. Quart. J. Econom. 117(1):339–376.Crossref, Google Scholar
• Bruhn M, Karlan D, Schoar A (2018) The impact of consulting services on small and medium enterprises: Evidence from a randomized trial in Mexico. J. Political Econom. 126(2):635–687.Crossref, Google Scholar
• Brynjolfsson E, Milgrom P. (2013) Complementarity in organizations. Gibbons R, Roberts J, eds. The Handbook of Organizational Economics (Princeton University Press, Princeton, NJ), 11–55.Crossref, Google Scholar
• Buchheim L, Krolage C, Link S (2022) Sudden stop: When did firms anticipate the potential consequences of COVID-19? German Econom. Rev. 23(1):79–119.Crossref, Google Scholar
• Card D, Heining J, Kline P (2013) Workplace heterogeneity and the rise of West German wage inequality. Quart. J. Econom. 128(3):967–1015.Crossref, Google Scholar
• Caroli E, Van Reenen J (2001) Skill-biased organizational change? Evidence from a panel of British and French establishments. Quart. J. Econom. 116(4):1449–1492.Crossref, Google Scholar
• Cette G, Lopez J, Mairesse J, Nicoletti G (2020) Economic adjustment during the great recession: The role of managerial quality. NBER Working Paper No. 27954, National Bureau of Economic Research, Cambridge, MA.Google Scholar
• Choudhary A, Lemos R, Van Reenen J (2018) Management in Pakistan: Performance and conflict. International Growth Centre Working Paper, International Growth Centre, London.Google Scholar
• Clampit JA, Lorenz MP, Gamble JE, Lee J (2022) Performance stability among small and medium-sized enterprises during COVID-19: A test of the efficacy of dynamic capabilities. Internat. Small Bus. J. 40(3):403–419.Crossref, Google Scholar
• Coibion O, Gorodnichenko Y, Ropele T (2020) Inflation expectations and firm decisions: New causal evidence. Quart. J. Econom. 135(1):165–219.Crossref, Google Scholar
• Cornwell C, Schmutte IM, Scur D (2021) Building a productive workforce: The role of structured management practices. Management Sci. 67(12):7308–7321.Link, Google Scholar
• Crispino M (2021) Statistical learning from ranking data: Italian firms’ strategies and preferences during COVID-19 crisis. Mimeo (Bank of Italy, Rome).Google Scholar
• D’Haultfœuille X, Hoderlein S, Sasaki Y (2023) Nonparametric difference-in-differences in repeated cross-sections with continuous treatments. J. Econometrics 234(2):664–690.Crossref, Google Scholar
• Dyduch W, Chudziński P, Cyfert S, Zastempowski M (2021) Dynamic capabilities, value creation and value capture: Evidence from SMEs under COVID-19 lockdown in Poland. PLoS One 16(6):e0252423.Crossref, Google Scholar
• Emanuel N, Harrington E (2023) Working remotely? Selection, treatment, and the market for remote work. Staff report no. 1061, Federal Reserve Bank of New York, New York.Crossref, Google Scholar
• Englmaier F, Foss NJ, Knudsen T, Kretschmer T (2019) Organization design and firm heterogeneity: Toward an integrated research agenda for strategy. Joseph J, Baumann O, Burton R, Srikanth K, eds. Organization Design. Advances in Strategic Management, vol. 40 (Emerald Publishing Limited, Bingley, UK), 229–254.Google Scholar
• Englmaier F, Galdon-Sanchez JE, Gil R, Kaiser M (2020) Management practices and firm performance during the Great Recession. Evidence from Spanish survey data, https://events.bse.eu/live/files/2818-ricardgil66450pdf.Google Scholar
• Flassak K, Haag J, Hofmann C, Lechner C, Schwaiger N, Zacherl R (2023) Working from home and management controls. J. Bus. Econom. 93:193–228.Crossref, Google Scholar
• Gibbs M, Mengel F, Siemroth C (2021) Work from home & productivity: Evidence from personnel & analytics data on IT professionals. Becker Friedman Institute for Economics Working Paper, University of Chicago, Chicago.Google Scholar
• Giorcelli M (2019) The long-term effects of management and technology transfers. Amer. Econom. Rev. 109(1):121–152.Crossref, Google Scholar
• Guiso L, Parigi G (1999) Investment and demand uncertainty. Quart. J. Econom. 114(1):185–227.Crossref, Google Scholar
• Helfat CE, Martin JA (2015) Dynamic managerial capabilities: A perspective on the relationship between managers, creativity, and innovation. Shalley CE, Hitt MA, Zhou J, eds. The Oxford Handbook of Creativity, Innovation, and Entrepreneurship (Oxford University Press, New York), 421–430.Google Scholar
• Ichniowski C, Shaw K, Prennushi G (1997) The effects of human resource management practices on productivity: A study of steel finishing lines. Amer. Econom. Rev. 87(3):291–313.Google Scholar
• Kambayashi R, Ohyama A, Hori N (2021) Management practices and productivity in Japan: Evidence from six industries in JP MOPS. J. Jpn. Internat. Econom. 61:101152.Crossref, Google Scholar
• Lazear EP, Oyer P (2012) Personnel economics. Gibbons RS, Roberts J, eds. The Handbook of Organizational Economics (Princeton University Press, Princeton, NJ), 469–519.Google Scholar
• Ma Y, Ropele T, Sraer D, Thesmar D (2020) A quantitative analysis of distortions in managerial forecasts. NBER Working Paper No. 26830, National Bureau of Economic Research, Cambridge, MA.Google Scholar
• McFadden DL (1974) Conditional logit analysis of qualitative choice behavior. Zarembaka P, ed. Frontiers in Econometrics (Academic Press, New York), 105–142.Google Scholar
• Pozzi A, Schivardi F (2016) Demand or productivity: What determines firm growth? RAND J. Econom. 47(3):608–630.Crossref, Google Scholar
• Rashid S, Ratten V (2021) Entrepreneurial ecosystems during COVID-19: The survival of small businesses using dynamic capabilities. World J. Entrepreneurship Management Sustainable Development 17(3):457–476.Google Scholar
• Rodano G, Serrano-Velarde N, Tarantino E (2016) Bankruptcy law and bank financing. J. Financial Econom. 120(2):363–382.Crossref, Google Scholar
• Roth J, Sant’Anna PH, Bilinski A, Poe J (2023) What’s trending in difference-in-differences? A synthesis of the recent econometrics literature. J. Econometrics 235(2):2218–2244.Crossref, Google Scholar
• Schivardi F, Schmitz T (2020) The IT revolution and southern Europe’s two lost decades. J. Eur. Econom. Assoc. 18(5):2441–2486.Crossref, Google Scholar
• Syverson C (2011) What determines productivity? J. Econom. Lit. 49(2):326–365.Crossref, Google Scholar
• Teece DJ (2007) Explicating dynamic capabilities: The nature and microfoundations of (sustainable) enterprise performance. Strategic Management J. 28(13):1319–1350.Crossref, Google Scholar