Countries and Firms Explaining Managerial Performances
A large body of research in recent years result in the growth of knowledge about better or worse management practices. However, comparative research using ﬁrm-level data has been limited by the different styles on management and by the unavailability of homogeneous data sources, especially in former transition and Asian countries. This study ﬁlls this gap, by using the ﬁrm-level survey by EBRD and World Bank (BEEPSV-MENA ES, 2012-2014) and by looking at the determinants of a ManagementQualityScore(MQS)formorethan17.000ﬁrmsin36countriesofCentralAsia,Eastern EuropeandNorthernAfrica. Weﬁndthatboth,countryandﬁrmcharacteristics,matterformanagerial skills but they weight differently. In fact the country-groupings change, accelerate or dampen the impact of ﬁrms characteristics on management performance so that different channels are conducive tobettermanagerialpractices. Competition,education,andtechnologyaretheimportantchannelsfor thehigh-incomecountries, whereasglobalvaluechainparticipationandownershiparethesigniﬁcant channelsforthelow-incomecountries. Inparticular,GVCparticipationenhancessigniﬁcantlymanagerial practices of ﬁrms in low-income countries especially for the lower quartile ﬁrms. Hence, this study providesempiricalsupportforaninterplaybetweencountryandﬁrmcharacteristicsintransitionaland emerging markets. In addition, it provides support for an enhanced connection between business environment reforms devoted to managerial upgrading and industrial policy devoted to enhancing best-performingﬁrmscharacteristics. Assuch,itsuggeststhatonlytheircomplementaryandtargeted use can support management and business practices upgrading.
Department of Political and Social Sciences, University of Salerno, Italy.
Maria Luigia Segnana
Department of Economics and Management, University of Trento, Italy.
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