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Management practices, firm ownership, and productivity in Latin America

dc.contributor.authorLemos, Renataes
dc.contributor.authorScur, Danielaes
dc.coverage.spatialEuropaes
dc.coverage.spatialAsiaes
dc.coverage.spatialAmérica Latina y el Caribees
dc.date.accessioned2014-10-15T20:04:15Z
dc.date.available2014-10-15T20:04:15Z
dc.date.issued2012es
dc.identifier.citationLemos, R., & Scur, D. (2012). Management practices, firm ownership, and productivity in Latin America. CAF Working paper, 2012/07, Caracas: CAF. Retrieved from https://scioteca.caf.com/handle/123456789/236en_GB
dc.identifier.urihttps://scioteca.caf.com/handle/123456789/236
dc.description.tableofcontentsWe analyze management and performance data for over 8,000 manufacturing firms across the Americas, Asia and Europe. We find that Latin American firms have poor management practices by international standards, with limited monitoring, short-term and narrow targets, and ineffective human-resource practices. A major factor behind this poor management quality is the high incidence of firms owned and controlled by the founder or the founding family. In Latin America, these firms lag both in average management quality when compared to firms of the same ownership structure in other regions and in catching up to their peers within their regions. Limited product market competition, the presence of few foreign multinationals, already explored by Bloom et al. (2012b), also appear to account for poor management practices. Across firms, we find that poor management practices are linked to a less educated workforce and low export orientation as well as heavy labour-market regulations and limited access to credit. Finally, we show that better management quality is tightly linked to higher firm and national productivity, confirming that the management practices measured are economically meaningful.en
dc.language.isoenges
dc.publisherCAFes
dc.relation.ispartofseriesCAF Working paper, 2012/07es
dc.rightsCC-BY-NCes_ES
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/es_ES
dc.subjectSector productivoes
dc.subjectCompetitividades
dc.subjectInvestigación socioeconómicaes
dc.titleManagement practices, firm ownership, and productivity in Latin Americaes
dc.typeworkingPaperes
dc.publisher.cityCaracases


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