Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: Talents from Abroad. Foreign Managers and Productivity in the United
  Kingdom   In this paper, we test the contribution of foreign management on firms'
competitiveness. We use a novel dataset on the careers of 165,084 managers
employed by 13,106 companies in the United Kingdom in the period 2009-2017. We
find that domestic manufacturing firms become, on average, between 7% and 12%
more productive after hiring the first foreign managers, whereas foreign-owned
firms register no significant improvement. In particular, we test that previous
industry-specific experience is the primary driver of productivity gains in
domestic firms (15.6%), in a way that allows the latter to catch up with
foreign-owned firms. Managers from the European Union are highly valuable, as
they represent about half of the recruits in our data. Our identification
strategy combines matching techniques, difference-in-difference, and
pre-recruitment trends to challenge reverse causality. Results are robust to
placebo tests and to different estimators of Total Factor Productivity.
Eventually, we argue that upcoming limits to the mobility of foreign talents
after the Brexit event can hamper the allocation of productive managerial
resources.

36
The categories of this paper are: cmp-lg
9
The categories of this paper are: nlin
24
The categories of this paper are: dg-ga
16
The categories of this paper are: stat
19
The categories of this paper are: eess
7
The categories of this paper are: hep-th
10
The categories of this paper are: q-bio
31
The categories of this paper are: ao-sci
33
The categories of this paper are: plasm-ph
26
The categories of this paper are: bayes-an
34
The categories of this paper are: chem-ph
1
The categories of this paper are: cs
21
The categories of this paper are: adap-org
30
The categories of this paper are: q-alg
4
The categories of this paper are: cond-mat
32
The categories of this paper are: atom-ph