Matching and Winning? The Impact of Upper and Middle Managers on Team Performance

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in ABSTRACTIn this paper we investigate the impact of upper and middle level managers on firm performance by simultaneously estimating manager and match qualities for management pairings in Major League Baseball (MLB). We document the economic significance of managers at both organizational levels and illustrate the importance of accounting for match quality in evaluating manager impact. Our results suggest assortative matching as managerial quality is positively correlated across organizational levels.Higher match quality in a pairing is further associated with higher individual manager qualities and longer joint employment spells. Mismatches in educational attainment are linked to lower match quality. JEL-codes: M12, M54, L83

The Inefficient Advantage of Experience in the Market for Football Managers

“…We finally report results from a two-stage estimation procedure introduced by Jackson (2013) to allow for firm-worker match quality (see Jackson, 2013, Stanton et al, 2015and Peeters et al, 2015. In this approach, referred to as 'Spell' below, we estimate firm-manager spell effects in the first stage, and then split these into manager and firm effects using weighted least squares with inverse first stage standard errors as weights.…”