Research

Articles in Journals:

Managing the Family Firm: Evidence from CEOs at Work
Oriana Bandiera, Renata Lemos, Andrea Prat, Raffaella Sadun
Review of Financial Studies, Forthcoming | NBER Working Paper

International Data on Measuring Management Practices
Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur, John Van Reenen
American Economic Review, May 2016| Working Paper

Does Management Matter for Schools?
Nicholas Bloom, Renata Lemos, Raffaella Sadun, John Van Reenen
The Economic Journal (Conference Volume), June 2015 | NBER Working Paper
Media: The Economist

The New Empirical Economics of Management
Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur, John Van Reenen
Journal of the European Economic Association, July 2014
| NBER Working Paper


In Progress:

The Returns to Employees’ Higher Education Quality for the Firm
Renata Lemos

This paper considers the returns of employing employees with elite higher education from the perspective of the firm. In order to do so, I collect, harmonize and match a unique employee-employer 2004-2014 panel of over 3,300 manufacturing firms in 17 countries using (i) detailed higher education data from over 85,000 resumes posted on a professional networking website and (ii) data on measures of firm financial performance and managerial practices. My identification strategy relies on three historical episodes in Brazil which propelled a quasinatural experiment: the historical introduction and subsequent federalization of early high-quality higher education institutions in Brazil. In particular, I exploit exogenous variation in the travel distance from these institutions to the firm as an instrumental variable for the quality of higher education institutions attended by its employees. I am able to document six stylized facts. (1) Firms employing employees who have attended high-quality higher education institutions are associated with improved management practices on average. (2) The returns to employing employers with high-quality HE for the firm appears to be similar across countries. (3) Conditional on the quality of HE, the relationship between employees with more years of HE and improved firm outcomes is less clear. (4) Firms located more closely to campuses belonging to high-quality federal higher education institutions in Brazil show better management practices on average. (5) Supplying candidates with high-quality HE is a potential channel into which distance to federal higher education institutions affects management practices at the firm and provides. (6) Instrumenting for the quality of higher education institutions attended by firm employees using exogenous variation in the travel distance to these campuses provides evidence of the effect of employing employees with high-quality HE on management practices at the firm.

All in the Family? CEO Succession and Firm Organization
Renata Lemos, Daniela Scur

Family ownership is the most prevalent type of firm ownership around the world. In this paper we investigate the relationship between family ownership and control and formal managerial practices in emerging economies. First, we collect a detailed dataset of firm ownership history for over 2,000 firms in Latin America, Africa and Europe and merge this data with a unique dataset on internal organizational structures of the firm, including a measure of formal management practices. Second, we exploit exogenous variation in the composition of the founder/family CEO’s progeny, and use it as an instrumental variable for family ownership and control. Our results suggest that being a family owned and controlled firm is causally linked with having lower levels of formal management practices, with coefficients being three times larger under 2SLS than OLS. Third, we characterize with great detail the ownership path of firms across Latin America and Africa, and offer a deeper look into the characteristics of ownership and control of family firms, including the clear preference for succession to the CEO’s male children, particularly the first son.

Developing Management: An Expanded Evaluation Tool for Developing Countries
Renata Lemos, Daniela Scur | RISE Working Paper

In recent years, there has been striking evidence showing a large tail of badly managed schools and hospitals in developing countries across a number of management areas such as operations management, performance monitoring, target setting and people management. But where exactly, along the process of setting their management structures, are these organizations failing? This paper presents new evidence from an expanded survey tool based on the World Management Survey instrument. We collect detailed data using face-to-face interviews in settings where weak management practices prevail and observe more variation in the left tail of the distribution. Using this data, we explore three main sub-topics within each management area: (1) process execution and implementation, (2) process usage frequency, (3) process monitoring efficiency and frequency. We have collected data with schools in India and Mexico and are working with teams surveying schools in Colombia and hospitals in China.

Management in Pakistan: First Evidence from Punjab
Renata Lemos, Ali Choudhary, John Van Reenen, Nicholas Bloom | IGC Working Paper

Healthy Business? Managerial Education and Management in Healthcare
Nicholas Bloom, Renata Lemos, Raffaella Sadun, John Van Reenen

Helping Teachers Teach Well: the Role of Management for Teacher Effectiveness in Indian Schools
Renata Lemos, Karthik Muralidharan, Daniela Scur


Policy and Popular Writing:

ESRC Evidence Briefing: Improving schools with better management, July 2014
Centre Piece Magazine: In brief: Does management matter in schools?, May 2014
The Guardian: Why school management matters even more than we thought, May 2014
Centre Piece Magazine: Bad management: a constraint on economic development? June 2013

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