The Management of Organisations as a Target for Productivity Gains in Australia: Intellectual Assets

Christina Boedker, Kieron Meagher, Richard Vidgen, Julie Cogin, Jan Mouritsen

Publikation: Working paperForskning

Resumé

Discussion around total factor productivity gains for the Australian Economy often focuses on infrastructure bottlenecks, technology adoption, competition and labour market flexibility. Although a potential area for gains, management is typically omitted from the public policy debate because it is considered too hard to quantify and as a result there is no concrete case for improvement. In this paper we describe our approach to measuring management as a productivity driver in service firms, developed as part of a study commissioned by the Australian Commonwealth Government. Management, as measured by internal stocks of intellectual assets are significantly related with higher productivity: our analysis predicts that a low performing firm could realise an increase in productivity of up to 13.3% if it were to improve its intellectual asset. However, after controlling for intellectual assets competition and ownership structure are not significant determinants of firm level productivity. We also discuss policy initiatives available to policy makers.
OriginalsprogEngelsk
Udgivelses stedCanberra
UdgiverAustralian National University Press
Antal sider18
ISBN (Trykt)9781921693755
StatusUdgivet - 2014
NavnDiscussion Paper / Centre for Economic Policy Research. The Australian National University
Nummer691
ISSN1442-8636

Emneord

  • Productivity
  • Service industries
  • Public policy
  • Intellectual assets
  • Management

Citer dette

Boedker, C., Meagher, K., Vidgen, R., Cogin, J., & Mouritsen, J. (2014). The Management of Organisations as a Target for Productivity Gains in Australia: Intellectual Assets. Canberra: Australian National University Press. Discussion Paper / Centre for Economic Policy Research. The Australian National University , Nr. 691
Boedker, Christina ; Meagher, Kieron ; Vidgen, Richard ; Cogin, Julie ; Mouritsen, Jan. / The Management of Organisations as a Target for Productivity Gains in Australia : Intellectual Assets. Canberra : Australian National University Press, 2014. (Discussion Paper / Centre for Economic Policy Research. The Australian National University ; Nr. 691).
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Boedker, C, Meagher, K, Vidgen, R, Cogin, J & Mouritsen, J 2014 'The Management of Organisations as a Target for Productivity Gains in Australia: Intellectual Assets' Australian National University Press, Canberra.

The Management of Organisations as a Target for Productivity Gains in Australia : Intellectual Assets. / Boedker, Christina; Meagher, Kieron; Vidgen, Richard; Cogin, Julie; Mouritsen, Jan.

Canberra : Australian National University Press, 2014.

Publikation: Working paperForskning

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AB - Discussion around total factor productivity gains for the Australian Economy often focuses on infrastructure bottlenecks, technology adoption, competition and labour market flexibility. Although a potential area for gains, management is typically omitted from the public policy debate because it is considered too hard to quantify and as a result there is no concrete case for improvement. In this paper we describe our approach to measuring management as a productivity driver in service firms, developed as part of a study commissioned by the Australian Commonwealth Government. Management, as measured by internal stocks of intellectual assets are significantly related with higher productivity: our analysis predicts that a low performing firm could realise an increase in productivity of up to 13.3% if it were to improve its intellectual asset. However, after controlling for intellectual assets competition and ownership structure are not significant determinants of firm level productivity. We also discuss policy initiatives available to policy makers.

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Boedker C, Meagher K, Vidgen R, Cogin J, Mouritsen J. The Management of Organisations as a Target for Productivity Gains in Australia: Intellectual Assets. Canberra: Australian National University Press. 2014.