The Dynamics and Spillovers of Management Interventions: Evidence from the Training within Industry Program

Nicola Bianchi, Michela Giorcelli

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

This paper examines the long-term and spillover effects of management interventions on firm performance. Under the Training Within Industry (TWI) program, the US government provided management training to firms involved in war production between 1940 and 1945. Using a newly collected panel data set on all 11,575 US firms that applied to the program, we find that the TWI training had positive and long-lasting effects on firm performance and the adoption of beneficial managerial practices. Moreover, it generated complementarities among different types of training and had positive spillover effects on the supply chain of trained firms.

Original languageEnglish (US)
Pages (from-to)1630-1675
Number of pages46
JournalJournal of Political Economy
Volume130
Issue number6
DOIs
StatePublished - Jun 2022

ASJC Scopus subject areas

  • Economics and Econometrics

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