Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/90115
Authors: 
Bogaard, Hein
Svejnar, Jan
Year of Publication: 
2013
Series/Report no.: 
IZA Discussion Paper 7800
Abstract: 
We exploit organizational reforms in a foreign-owned bank in Central-East Europe to study the implementation of modern HRM policies in an emerging market context. We have branch-level data and use our knowledge of the process that led to the adoption of the reforms to implement two estimators that address endogeneity bias in a complementary fashion: an IV approach and Generalized Propensity Score estimation. Our results show that some of the reforms had a positive impact on productivity, but they also underscore the risks of quantity-based incentives where quality is important.
Subjects: 
insider econometrics
endogeneity of HRM policies
incentives
foreign ownership
banking
Central and Eastern Europe
JEL: 
F23
G21
M52
Document Type: 
Working Paper

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