Connection between management and productivity
| Variable | TFP (logs) (1) | TFP (logs) (2) | TFP (logs) (3) |
|---|---|---|---|
| MQI (logs) | 0.055*** (0.020) | ||
| MQIt−1 (logs) | 0.023 (0.020) | ||
| MQI | 0.004 (0.006) | ||
| MQI2 | 0.001 (0.001) | ||
| Medium | 0.112* (0.060) | 0.103 (0.065) | 0.113* (0.060) |
| Large | 0.154* (0.081) | 0.129 (0.094) | 0.153* (0.080) |
| Foreign ownership | −0.021 (0.059) | −0.057 (0.062) | −0.022 (0.058) |
| Industry dummies | No | No | No |
| Firm fixed effects | Yes | Yes | Yes |
| No. of firms | 2.155 | 1.983 | 2.155 |
| Variable | TFP (logs) (1) | TFP (logs) (2) | TFP (logs) (3) |
|---|---|---|---|
| MQI (logs) | 0.055 | ||
| MQIt−1 (logs) | 0.023 (0.020) | ||
| MQI | 0.004 (0.006) | ||
| MQI2 | 0.001 (0.001) | ||
| Medium | 0.112 | 0.103 (0.065) | 0.113 |
| Large | 0.154 | 0.129 (0.094) | 0.153 |
| Foreign ownership | −0.021 (0.059) | −0.057 (0.062) | −0.022 (0.058) |
| Industry dummies | No | No | No |
| Firm fixed effects | Yes | Yes | Yes |
| No. of firms | 2.155 | 1.983 | 2.155 |
Notes:
Robust standard errors (clustered by firm) are given in parentheses; * and *** denote significance at the 10 and 1 per cent levels, respectively
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