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Management practices and resilience to shocks: Evidence from COVID-19

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  • Lamorgese, Andrea
  • Linarello, Andrea
  • Patnaik, Megha
  • Schivardi, Fabiano

Abstract

Do organizational practices help or hinder the firm's capacity to adapt to a changing environment? We use the spread of COVID-19 in Italy, the first Western country hit by the pandemic, to investigate the role of structured management practices in responding to a large shock. We find a sizable, positive effect of structured management practices on firm performance: a one-standard deviation increase in the management score reduces the drop in year-ahead expected sales by 30 percent. Evidence points to the fact that firms with more structured practices were more likely to implement a comprehensive set of changes, such as demand, supply chain and labor management, including more intense use of remote work.

Suggested Citation

  • Lamorgese, Andrea & Linarello, Andrea & Patnaik, Megha & Schivardi, Fabiano, 2022. "Management practices and resilience to shocks: Evidence from COVID-19," CEPR Discussion Papers 15987, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:15987
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    Cited by:

    1. L.G. Deidda & F. Cerina & S. Nobili, 2025. "Skill-biased remote work and incentives," Working Paper CRENoS 202505, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    2. Laura Ketter & Todd Morris & Lizi Yu, 2025. "A new equilibrium: COVID-19 lockdowns and WFH persistence," Papers 2506.16671, arXiv.org.
    3. Siavash Mohades & Giulia Piccillo & Maria Savona & Tania Treibich, 2025. "Firms’ Investment and Capacity Utilisation: The Role of Financial Constraints and Uncertainty," CESifo Working Paper Series 12108, CESifo.
    4. Alloysius Joko PURWANTO & Ridwan Dewayanto RUSLI & Hafis Pratama Rendra GRAHA & Sirichai KOONAPHAPDEELERT & Reza Miftahul ULUM & Citra Endah Nur SETYAWATI & Nadiya PRANINDITA & Ryan Wiratama BHASKARA, 2025. "Global Pandemic Shocks, Foreign Exposure and Firm Productivity: Evidence from Korean Firm-level Data," Working Papers DP-2024-38, Economic Research Institute for ASEAN and East Asia (ERIA).
    5. Ketter, Laura & Morris, Todd & Yu, Lizi, 2025. "A New Equilibrium: COVID-19 Lockdowns and WFH Persistence," IZA Discussion Papers 17975, Institute of Labor Economics (IZA).
    6. Marco Castelluccio & Lucia Rizzica, 2025. "Mafia infiltrations in times of crisis: evidence from the Covid-19 shock," Temi di discussione (Economic working papers) 1502, Bank of Italy, Economic Research and International Relations Area.
    7. Florian Englmaier & Jose E. Galdon-Sanchez & Ricard Gil & Michael Kaiser & Helene Strandt, 2025. "Management Practices and Firm Performance During the Great Recession," Rationality and Competition Discussion Paper Series 548, CRC TRR 190 Rationality and Competition.

    More about this item

    Keywords

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    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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