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dc.contributor.authorGuadalupe, Mariaen_US
dc.contributor.authorLi, Hongyien_US
dc.contributor.authorWulf, Julie M.en_US
dc.date.accessioned2012-06-20en_US
dc.date.accessioned2012-09-14T11:07:21Z-
dc.date.available2012-09-14T11:07:21Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/62526-
dc.description.abstractThis paper shows that top management structures in large US firms radically changed since the mid-1980s. While the number of managers reporting directly to the CEO doubled, the growth was driven primarily by functional managers rather than general managers. Using panel data on senior management positions, we explore the relationship between changes in executive team composition, firm diversification, and IT investments - which arguably alter returns to exploiting synergies through corporate-wide coordination by functional managers in headquarters. We find that the number of functional managers closer to the product (product functions i.e., marketing, R&D) increase as firms focus their businesses, while the number of functional managers farther from the product (administrative functions i.e., finance, law, HR) increase with IT investments. Finally, we show that general manager pay decreases as functional managers join the executive team suggesting a shift in activities from general to functional managers - a phenomenon we term functional centralization.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6635en_US
dc.subject.jelJ24en_US
dc.subject.jelJ33en_US
dc.subject.jelL25en_US
dc.subject.jelD22en_US
dc.subject.ddc330en_US
dc.subject.keywordcommunicationen_US
dc.subject.keywordorganizational designen_US
dc.subject.keywordfunctionsen_US
dc.subject.keywordcentralizationen_US
dc.subject.keywordM-formen_US
dc.subject.keywordhierarchyen_US
dc.subject.keywordtop management teamen_US
dc.subject.keywordinformation technologyen_US
dc.subject.keywordactivitiesen_US
dc.subject.keyworddiversificationen_US
dc.subject.stwFührungskräfteen_US
dc.subject.stwArbeitsgruppeen_US
dc.subject.stwArbeitsorganisationen_US
dc.subject.stwOrganisationsstrukturen_US
dc.subject.stwDiversifikationen_US
dc.subject.stwBetriebliche Investitionspolitiken_US
dc.subject.stwInformationstechniken_US
dc.subject.stwUSAen_US
dc.titleWho lives in the c-suite? Organizational structure and the division of labor in top managementen_US
dc.typeWorking Paperen_US
dc.identifier.ppn717989445en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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