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In this chapter we examine the relationship between Human Resource Management (HRM) and productivity. HRM includes incentive pay (individual and group) as well as many nonpay aspects of the employment relationship such as matching (hiring and firing) and work organization (e.g. teams, autonomy)....
Persistent link: https://www.econbiz.de/10008542738
countries in recent years. This has been used in many pieces of research at the Centre for Economic Performance. We discuss the …
Persistent link: https://www.econbiz.de/10008542741
There is a widespread sense that over the last two decades firms have been decentralizing decisions to employees further down the managerial hierarchy. Economists have developed a range of theories to account for delegation, but there is less empirical evidence, especially across countries. This...
Persistent link: https://www.econbiz.de/10008542745
We present a survey of recent contributions in the empirical organizational economics, focusing on management practices and decentralization. Productivity dispersion between firms and countries has motivated the improved measurement of firm organization across industries and countries. There...
Persistent link: https://www.econbiz.de/10008542751
We argue that social capital as proxied by trust increases aggregate productivity by affecting the organization of firms. To do this we collect new data on the decentralization of investment, hiring, production, and sales decisions from Corporate Headquarters to local plant managers in almost...
Persistent link: https://www.econbiz.de/10005256468
We use an innovative survey tool to collect management practice data from 732 medium sized manufacturing firms in the US, France, Germany and the UK. These measures of managerial practice are strongly associated with firm-level productivity, profitability, Tobin's Q, sales growth and survival...
Persistent link: https://www.econbiz.de/10005151091
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US...
Persistent link: https://www.econbiz.de/10010655943
the areas of Germany's traditional industrial strength. This is explained by the nature of high performance work systems …
Persistent link: https://www.econbiz.de/10011253116
The erosion of a number of national systems of employment relations, and the evidence from large scale workplace surveys has brought attention to the considerable diversity of employment systems within major economies. This essay applies the theory of evolutionary games to explain the diffusion...
Persistent link: https://www.econbiz.de/10008646250
, financial performance is likely to be worse. If the product market is uncompetitive this might imply a simple transfer from … senescence. Therefore the impact of unions on productivity, financial performance and investment is extremely important. This … the productivity performance of the workplace or firm. The evidence indicates that, in the USA, workplaces with both high …
Persistent link: https://www.econbiz.de/10004967697