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Do competent managers increase labor productivity? Evidence from Korea

Author

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  • Donghwan Ahn
  • Shiyong Yoo
  • Seungho Cho

Abstract

- This study investigates the effect of managerial ability on labor productivity by analyzing various methods in the firm-year panel data of listed firms in South Korea from 2002 to 2019. Managerial ability was analyzed using the measurement method of Demerjianet al.(2012), while labor productivity was analyzed using value-added and sales. The authors find that managerial ability has a positive effect on labor productivity. In other words, the productivity of employees improves with the appointment of a manager with higher abilities. The study’s findings suggest that firms should consider managerial ability as a means of improving labor productivity.

Suggested Citation

  • Donghwan Ahn & Shiyong Yoo & Seungho Cho, 2023. "Do competent managers increase labor productivity? Evidence from Korea," Journal of Derivatives and Quantitative Studies: 선물연구, Emerald Group Publishing Limited, vol. 31(3), pages 242-260, July.
    • Handle: RePEc:eme:jdqspp:jdqs-01-2023-0002
    DOI: 10.1108/JDQS-01-2023-0002
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    More about this item

    Keywords

    Managerial ability; Managerial efficiency; Labor productivity; Value added; Data envelopment analysis; Dynamic panel model; G30; G32; J24;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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