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The effect of management practices on the performance of bus enterprises

Author

Listed:
  • Kazuyasu Kawasaki

    (Chuo University)

  • Tomohiko Inui

    (Research Institute of Economy, Trade and Industry and Gakushuin University)

  • Tsutomu Miyagawa

    (Research Institute of Economy, Trade and Industry and Gakushuin University)

Abstract

Bloom and Van Reenen (Quarterly Journal of Economics 122:1351–1408, 2007) examined the relationship between firm management practices and performance and demonstrated that management scores had a positive impact on firm performance. While they focus on the impact of firm management practices on its performance in the manufacturing sector, we examine how firm management practices are related to its performance in the bus industry in Japan, where both private and public companies exist, and these firms are regulated by the government. We find that public companies have better management practices than private companies. The gross output index is taken as the dependent variable with a significant coefficient of the management practice score. However, if the dependent variable is a value-added index, no significant coefficient is obtained. Because the bus industry is regulated, they cannot expect to increase their profits by providing better services. Finally, we find that organizational management practices are more positively related to the firm performance than human resource management practices.

Suggested Citation

  • Kazuyasu Kawasaki & Tomohiko Inui & Tsutomu Miyagawa, 2023. "The effect of management practices on the performance of bus enterprises," International Journal of Economic Policy Studies, Springer, vol. 17(1), pages 133-161, February.
    • Handle: RePEc:spr:ijoeps:v:17:y:2023:i:1:d:10.1007_s42495-022-00097-2
    DOI: 10.1007/s42495-022-00097-2
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    References listed on IDEAS

    as
    1. J. David Brown & John S. Earle & Almos Telegdy, 2006. "The Productivity Effects of Privatization: Longitudinal Estimates from Hungary, Romania, Russia, and Ukraine," Journal of Political Economy, University of Chicago Press, vol. 114(1), pages 61-99, February.
    2. Nicholas Bloom & John Van Reenen, 2007. "Measuring and Explaining Management Practices Across Firms and Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(4), pages 1351-1408.
    3. Nicholas Bloom & Renata Lemos & Raffaella Sadun & John Van Reenen, 2015. "Does Management Matter in schools?," Economic Journal, Royal Economic Society, vol. 0(584), pages 647-674, May.
    4. Stefan Bender & Nicholas Bloom & David Card & John Van Reenen & Stefanie Wolter, 2018. "Management Practices, Workforce Selection, and Productivity," Journal of Labor Economics, University of Chicago Press, vol. 36(S1), pages 371-409.
    5. Nicholas Bloom & Carol Propper & Stephan Seiler & John Van Reenen, 2015. "The Impact of Competition on Management Quality: Evidence from Public Hospitals," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 82(2), pages 457-489.
    6. Nicholas Bloom & John Van Reenen, 2010. "Why Do Management Practices Differ across Firms and Countries?," Journal of Economic Perspectives, American Economic Association, vol. 24(1), pages 203-224, Winter.
    7. Nicholas Bloom & Raffaella Sadun & John Van Reenen, 2012. "Americans Do IT Better: US Multinationals and the Productivity Miracle," American Economic Review, American Economic Association, vol. 102(1), pages 167-201, February.
    8. J. David Brown & John S. Earle & Almos Telegdy, "undated". "The Productivity Effects of Privatization: Longitudnal Estimates for Hungary, romania, Russia, and Ukraine," Upjohn Working Papers jse20063, W.E. Upjohn Institute for Employment Research.
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    More about this item

    Keywords

    Management practice; Public service; Public–private partnership; Privatization;
    All these keywords.

    JEL classification:

    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics
    • H4 - Public Economics - - Publicly Provided Goods
    • D2 - Microeconomics - - Production and Organizations

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