주제: Management Practices and Firm Performance During the Great Recession

내용: We empirically examine how management practices affect firm productivity over the business cycle. We establish a positive correlation between structured management and performance prior to the 2008 financial crisis. This correlation turns negative during the financial crisis and positive again in the economic recovery post-2013. Our evidence suggests firms with more structured management are more likely to have practices fostering culture and intangible investments such that they focus in long-run profitability, while having higher adjustment costs in the short-run.

연사: Ricard Gil 교수(IESE Business School, University of navarra)