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The Firm's Management in Production: Management, Firm and Time Effects in an Indian Ocean Tuna Fishery

Author

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  • François-Charles Wolff

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - UN - Université de Nantes, INED - Institut national d'études démographiques)

  • Dale Squires

    () (National Marine Fisheries Service - National Marine Fisheries Service - UC San Diego - University of California, San Diego)

  • Patrice Guillotreau

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - UN - Université de Nantes)

Abstract

The firm's management in production is a critical, but unobserved input. Within a panel data framework, the firm's management and firm effects have to date been conflated. Exploiting variability in the managerial dimension, this paper identifies the firm's management from firm and time effects in a production function using a three-way fixed effect model and a unique panel data set tracking multiple managers for each firm in each year for an industry over 27 years. We also allow for time-varying firm management through learning. The model is applied to the French purse-seine fleet harvesting tunas in the Indian Ocean. We find that fishing hours and number of sets on floating objects and on free-swimming schools explain more than 70% of variation in tuna catches over the period. The skipper and vessel fixed effects have a rather similar influence (around 5% each). Skipper learning-by-doing as measured by experience and job tenure plays no significant role, meaning that managerial ability is time-invariant in this industry.

Suggested Citation

  • François-Charles Wolff & Dale Squires & Patrice Guillotreau, 2012. "The Firm's Management in Production: Management, Firm and Time Effects in an Indian Ocean Tuna Fishery," Working Papers hal-00726694, HAL.
  • Handle: RePEc:hal:wpaper:hal-00726694 Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00726694
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    References listed on IDEAS

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    1. T. Lawrence & R. Suddaby & B. Leca, 2009. "Introduction : Theorizing and studying institutional work," Post-Print hal-00808954, HAL.
    2. Jonathan T. Eckhardt & Scott Shane & Frédéric Delmar, 2006. "Multistage Selection and the Financing of New Ventures," Management Science, INFORMS, vol. 52(2), pages 220-232, February.
    3. Didier Chabaud & Parthenay Claude & Yannick Perez, 2005. "Environnement institutionnel et trajectoire des entreprises, une analyse northienne de l'industrie électrique," Post-Print hal-01660452, HAL.
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    Cited by:

    1. Gabriel Natividad, 2016. "Quotas, Productivity, and Prices: The Case of Anchovy Fishing," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 25(1), pages 220-257, March.
    2. Laurent Gobillon & Wolff Francois Charles, 2017. "The local effects of an innovation: Evidence from the French fish market," PSE Working Papers halshs-01431160, HAL.

    More about this item

    Keywords

    Firm's management; firm effect; management effect; time effect; tuna fisheries;

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