View this email in your browser [https://wiiw.ac.at/files/mailings/event-201911180939-en.html] _in cooperation with _ [Research Centre International Economics (FIW)] [http://fiw.ac.at/index.php?id=1&L=3] Dear colleague, we cordially invite you to the following event: THE IMPACT OF FOREIGN MANAGERS ON PRODUCTIVITY: EVIDENCE FROM THE UNITED KINGDOM DIMITRIOS EXADAKTYLOS IMT School for Advanced Studies Lucca MONDAY, 2 DECEMBER 2019, 3:00 PM (15:00 CET) wiiw, Rahlgasse 3, 1060 Vienna FIW-wiiw Seminars in International Economics [https://wiiw.ac.at/fiw-wiiw-seminars-in-international-economics-es-6.html] _The presentation is based on a paper_ _co-authored with Massimo Riccaboni and Armando Rungi._ This paper tests the contribution of foreign management on a firm’s competitiveness. We show that a firm becomes more competitive after hiring at least one foreign manager and the impact is stronger for domestic firms. For our purpose, we use a novel data set on 165,084 managers working for 13,106 companies in the United Kingdom. Our identification strategy includes both a difference-in-differences analysis in the within-treated sample and then a matching technique, both challenging reverse causality. Our results are robust after applying a stochastic frontier analysis to determine a firm’s technical efficiency as an alternative indicator for firm-level competitiveness. Our findings suggest that limits to managers’ mobility, as in the case of a Brexit event, may hamper the allocation of productive resources. _Paper and presentation, when available, are posted online after the seminar._ WE KINDLY ASK YOU TO REGISTER [https://wiiw.ac.at/bc-e-er-451.html] for the event. Participation is free of charge. Best regards, Olga Pindyuk [https://wiiw.ac.at/olga-pindyuk-s-21.html] _Organiser_ Robert Stehrer [https://wiiw.ac.at/robert-stehrer-s-16.html] _Scientific Director_ wiiw The Vienna Institute for International Economic Studies Rahlgasse 3, 1060 Vienna, Austria wiiw@wiiw.ac.at, wiiw.ac.at [https://wiiw.ac.at] T: +43 1 533 66 10 [tel:+4315336610] [http://www.facebook.com/wiiw.economic.studies] [http://www.twitter.com/wiiw_news] [http://www.linkedin.com/company/vienna-institute-for-international-economic-...] [http://www.youtube.com/channel/UCyNuSfsgzgBsIf7AaH8Vk-Q] [https://wiiw.ac.at/rss.php] Copyright ©2019 wiiw, all rights reserved.
