Working Papers, Department of Economics, Aarhus School of Business, University of Aarhus
New Workplace Practices and Firm Performance: A Comparative Study of Italy and Britain
() and Dario Pozzoli
Abstract: Using data from the 2004 Workplace Employee Relations
Survey on British establishments and two surveys on manufacturing firms
located in the North of Italy, we look at the diffusion of new workplace
practices in the two countries and at their impact on the firm's value
added. We find that the adoption of innovation practices has spread
substantially more across the British manufacturing firms than across the
Italian ones; however our results also indicate that the practices'
association with the firms' VA is much lower in Britain than in Italy. The
counterfactual analysis shows that had the Italian workplaces the same
characteristics of the British ones, in terms of diffusion of practices,
capital intensity and skills, their average predicted value added would
triplicate. On the other hand, were the Italian establishments to move and
operate in the British context, their performance would improve very
modestly. For the British establishments, we also investigate whether
management practices improve job satisfaction.
Keywords: Workplace practices; Financial Performance; Italy; UK; (follow links to similar papers)
JEL-Codes: C33; J41; J53; L20; (follow links to similar papers)
47 pages, May 1, 2008
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