Do Managers Matter: Evidence from E-sports
Growing importance of human resources places the role of managers at the core of
company efficiency. However, there are studies that demonstrate the efficiency of teams
without a manager, so-called self-managed teams, is higher comparing with managed
teams. Thus, despite the focus on managerial efficiency in the economic literature, the
issue of whether a team needs amanager is far from settled. In this paper, we use a quasiexperimental
setting from e-Sports (competitive video gaming) to understand whether
the hiring a manager is of benefit to team performance. The empirical part of the study
is based on endogenous switching regression model. This method allows investigating
what performance of self-managed team would be if it will have a manager and vice
versa. The dataset includes the information of prize money and features of top e-Sports
teams in Counter-Strike: Global Offensive (e-Sports discipline) from 2013 to 2017. The
main finding of this study is that managed teams perform better than self-managed ones
but this is not due to the manager.
Extant research argues that innovation collaboration (IC) has strong potential to create relational rents, but few scholars have investigated what capabilities can drive and enhance IC. This paper considers relational learning (RL) as a dynamic capability that strengthens IC and its contribution to firm performance through a better understanding of a firm's past collaboration and its future potential. By focusing on the timing of collaboration, the paper explains how IC is embedded in a firm's innovation activities by investigating the extent to which external partners are involved at various stages of the innovation process. The results of the study, which are based on a quantitative survey of 155 Russian firms, confirm the positive role of RL in innovation collaboration. They also highlight that the extent of the collaboration payoff varies according to its timing. The inclusion of the IC timing perspective indicates that firms should account for both the direct and indirect effects of RL on IC, and IC on firm performance when preparing for and managing their IC efforts with external partners.
Resume of the 17th April Scientific Conference on Economic and Social Development
This book examines competitive balance and outcome uncertainty from multiple perspectives. Chapters address the topic in different sports in a range of countries, to help to understand its significance. It provides readers with important new insights into previously unexplored dimensions as well as a rich context for better understanding why fans, teams, and leagues value competitive balance. The book challenges readers to think about the topic in a broad and rigorous way, and in some cases to question widely held beliefs about how outcome uncertainty motivates competitive balance, and how sports fans actually view competitive balance.
This chapter reviews existing theoretical and empirical literature on the intercollegiate and professional sports industries, including professional and intercollegiate sports leagues and the fitness center/health club industry, from a behavioral economic perspective. These represent interesting settings for behavioral economic research. In sports leagues, firm inputs and outputs are accurately measured, as is individual worker performance. Interaction among organizations in this setting can be measured, and a number of interesting regulations, like entry drafts and salary caps, generate powerful incentives. In addition, individual decisions made by customers in the sports industry, fans of teams, can be readily measured, and these decisions depend on the standard economic factors (prices and income) as well as uncertainty about an important feature of the core product: game outcomes. This has proven to be a fruitful area of behavioral economic research, and behavioral economic approaches have provided new insight into economic decisions in this setting.
The aim of the research is to conduct an empirical investigation and reveal what types of globalization and innovation strategies in turbulent and unfavorable regional institutional environment are most likely to be associated with different trajectories of Russian manufacturing firms’ performance in 2007- 2012. We employ the results of empirical survey of 1000 medium and large enterprises in manufacturing (2009) linked to financial data from Amadeus database and the data on the regional institutional environment. We test that (1) introduction of innovations before the crisis ceteris paribus helped the firms to successfully pass the crisis and recover. We expect that (2) companies that became globalized before the crisis (via importing of intermediate and capital goods; exporting; FDI; establishment of partner linkages with foreign firms) ceteris paribus are more likely to successfully pass the crisis and grow. And (3) propose the positive effect of synergy of innovation efforts and globalization strategy of the firm. We expect that the abovementioned factors are complimentary and reinforce the ability of the firm to recover after crisis shock. We found strong support for the hypothesis that firms financing introduction of new products before the crisis and simultaneously managed to promote and sell them on the global market were rewarded by quick return to the growing path after global crisis. Other strategies, i.e. solely innovations without exporting play insignificant role while exporting without attempts to introduce new products contribute even negatively to post-crisis recover. Institutional environment also matters: in the regions with less level of corruption firms were more likely to grow after the crisis
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.