论文标题
来自国外的才华。外国经理和英国的生产力
Talents from Abroad. Foreign Managers and Productivity in the United Kingdom
论文作者
论文摘要
在本文中，我们测试了外国管理人员对公司竞争力的贡献。我们在2009 - 2017年期间使用了一个关于165,084家公司雇用的165,084家经理人职业的新颖数据集。我们发现，在雇用第一批外国经理后，国内制造公司平均变得生产力增长了7％至12％，而外国公司没有得到显着改善。特别是，我们测试以前特定于行业的经验是国内企业生产率提高的主要驱动力（15.6％），使后者可以赶上外国拥有的公司。来自欧盟的经理非常有价值，因为他们代表了我们数据中的大约一半的新兵。我们的识别策略结合了匹配技术，差异差异和招募前趋势，以挑战反向因果关系。结果对安慰剂测试和对总因子生产率的不同估计量很强。最终，我们认为，在英国退欧事件之后，即将到来的外国才能的限制可能会妨碍生产管理资源的分配。
In this paper, we test the contribution of foreign management on firms' competitiveness. We use a novel dataset on the careers of 165,084 managers employed by 13,106 companies in the United Kingdom in the period 2009-2017. We find that domestic manufacturing firms become, on average, between 7% and 12% more productive after hiring the first foreign managers, whereas foreign-owned firms register no significant improvement. In particular, we test that previous industry-specific experience is the primary driver of productivity gains in domestic firms (15.6%), in a way that allows the latter to catch up with foreign-owned firms. Managers from the European Union are highly valuable, as they represent about half of the recruits in our data. Our identification strategy combines matching techniques, difference-in-difference, and pre-recruitment trends to challenge reverse causality. Results are robust to placebo tests and to different estimators of Total Factor Productivity. Eventually, we argue that upcoming limits to the mobility of foreign talents after the Brexit event can hamper the allocation of productive managerial resources.
