eprintid: 4073
rev_number: 8
eprint_status: archive
userid: 69
dir: disk0/00/00/40/73
datestamp: 2019-12-16 16:23:45
lastmod: 2019-12-16 16:23:45
status_changed: 2019-12-16 16:23:45
type: monograph
metadata_visibility: show
creators_name: Exadactylos, Dimitrios
creators_name: Riccaboni, Massimo
creators_name: Rungi, Armando
creators_id: dimitrios.exadactylos@imtlucca.it
creators_id: massimo.riccaboni@imtlucca.it
creators_id: armando.rungi@imtlucca.it
title: Talents from Abroad. Foreign Managers and Productivity in the United Kingdom.
ispublished: pub
subjects: HB
divisions: EIC
full_text_status: public
monograph_type: imt_eic_working_paper
keywords: JEL Classification: F22; F23; L23; L25; J61; M11
Keywords: managers; productivity; job mobility; spillovers; multinational enterprises; migration
abstract: 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 a domestic manufacturing firm becomes on average between 9% and 12% more productive after hiring at least one foreign manager. Interestingly, productivity gains by domestic firms after recruiting foreign managers are similar in magnitude to gains after foreign acquisitions as from previous literature. Eventually,
we do not find significant gains by foreign-owned firms hiring foreign managers.
Our identification strategy combines difference-in-difference and matching techniques to challenge reverse causality. We proxy firms’ competitiveness either by total factor productivity or by technical efficiency derived from stochastic frontier analyses. Eventually, we argue that limits to the circulation of talents, as for example in case of a Brexit event, may hamper the allocation of labor productive resources.
date: 2019-12-16
date_type: published
number: 1
place_of_pub: Lucca
pages: 30
institution: IMT Institute for Advanced Studies Lucca
issn: 2279-6894
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citation:   Exadactylos, Dimitrios and Riccaboni, Massimo and Rungi, Armando  Talents from Abroad. Foreign Managers and Productivity in the United Kingdom.  EIC working paper series  #1/2019     ISSN 2279-6894.      
document_url: http://eprints.imtlucca.it/4073/1/WP%20EIC%201_2019.pdf