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Do competent managers increase labor productivity? Evidence from Korea
Do competent managers increase labor productivity? Evidence from Korea
- Ahn, Donghwan;
- Yoo, Shiyong;
- Cho, Seungho
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3초록
This study investigates the effect of managerial ability on labor productivity by analyzing various methods in the firm-year panel data of listed firms in South Korea from 2002 to 2019. Managerial ability was analyzed using the measurement method of Demerjian et al. (2012), while labor productivity was analyzed using value-added and sales. The authors find that managerial ability has a positive effect on labor productivity. In other words, the productivity of employees improves with the appointment of a manager with higher abilities. The study’s findings suggest that firms should consider managerial ability as a means of improving labor productivity. © 2023, Donghwan Ahn, Shiyong Yoo and Seungho Cho.
키워드
Data envelopment analysis; Dynamic panel model; Labor productivity; Managerial ability; Managerial efficiency; Value added
- 제목
- Do competent managers increase labor productivity? Evidence from Korea
- 제목 (타언어)
- Do competent managers increase labor productivity? Evidence from Korea
- 저자
- Ahn, Donghwan; Yoo, Shiyong; Cho, Seungho
- 발행일
- 2023-08
- 유형
- Article in press
- 저널명
- 선물연구
- 권
- 31
- 호
- 3
- 페이지
- 242 ~ 260