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Article: Management Quality and Firm Hierarchy in Industry Equilibrium
Title | Management Quality and Firm Hierarchy in Industry Equilibrium |
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Authors | |
Issue Date | 2017 |
Publisher | American Economic Association. The Journal's web site is located at https://www.aeaweb.org/journals/mic |
Citation | American Economic Journal: Microeconomics, 2017, v. 9 n. 4, p. 203-244 How to Cite? |
Abstract | I incorporate a monitoring-based firm hierarchy into an industry equilibrium model with heterogeneous firms. I then use the theory to study aggregate impact of an economy-wide improvement in monitoring efficiency. This shock generates a selection effect which favors more hierarchical (i.e., more layers) firms. Interestingly, these implications depend on firms’ heterogeneous choices about their hierarchy and completely disappear when firms are homogeneous in terms of the number of layers inside the hierarchy. |
Persistent Identifier | http://hdl.handle.net/10722/239588 |
ISSN | 2023 Impact Factor: 2.2 2023 SCImago Journal Rankings: 3.835 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Chen, C | - |
dc.date.accessioned | 2017-03-21T09:16:13Z | - |
dc.date.available | 2017-03-21T09:16:13Z | - |
dc.date.issued | 2017 | - |
dc.identifier.citation | American Economic Journal: Microeconomics, 2017, v. 9 n. 4, p. 203-244 | - |
dc.identifier.issn | 1945-7669 | - |
dc.identifier.uri | http://hdl.handle.net/10722/239588 | - |
dc.description.abstract | I incorporate a monitoring-based firm hierarchy into an industry equilibrium model with heterogeneous firms. I then use the theory to study aggregate impact of an economy-wide improvement in monitoring efficiency. This shock generates a selection effect which favors more hierarchical (i.e., more layers) firms. Interestingly, these implications depend on firms’ heterogeneous choices about their hierarchy and completely disappear when firms are homogeneous in terms of the number of layers inside the hierarchy. | - |
dc.language | eng | - |
dc.publisher | American Economic Association. The Journal's web site is located at https://www.aeaweb.org/journals/mic | - |
dc.relation.ispartof | American Economic Journal: Microeconomics | - |
dc.rights | American Economic Journal: Microeconomics. Copyright © American Economic Association. | - |
dc.title | Management Quality and Firm Hierarchy in Industry Equilibrium | - |
dc.type | Article | - |
dc.identifier.email | Chen, C: ccfour@hku.hk | - |
dc.identifier.authority | Chen, C=rp01944 | - |
dc.description.nature | published_or_final_version | - |
dc.identifier.doi | 10.1257/mic.20160305 | - |
dc.identifier.scopus | eid_2-s2.0-85032363428 | - |
dc.identifier.hkuros | 271507 | - |
dc.identifier.volume | 9 | - |
dc.identifier.issue | 4 | - |
dc.identifier.spage | 203 | - |
dc.identifier.epage | 244 | - |
dc.identifier.isi | WOS:000414399700007 | - |
dc.publisher.place | United States | - |
dc.identifier.issnl | 1945-7669 | - |