Replication Data for: Do Private Equity Owned Firms Have Better Management Practices?

Using an innovative survey measure of management practices on over 15,000 firms, we find private equity firms are better managed than government, family, and privately owned firms, and have similar management to publicly listed firms. This is true both in developed and developing countries. Looking at management practices in detail we find that private equity owned firms have strong people management practices (hiring, firing, pay, and promotions), but even stronger monitoring management practices (lean manufacturing, continuous improvement, and monitoring). Plant managers working in private equity owned firms also report greater autonomy from headquarters over sales, marketing, and new product introduction.

我们针对超过15000家企业，采用创新性的管理实践调研测评方法开展研究，结果发现：私募股权投资（Private Equity）控股企业的管理水平优于国有、家族控股及私人独资企业，且与公开上市企业的管理水平相当，该结论在发达国家与发展中国家均成立。通过对管理实践进行细化剖析，我们发现私募股权投资控股企业拥有健全的人员管理体系（覆盖招聘、解聘、薪酬与晋升全流程），其监控管理实践（涵盖精益生产（Lean Manufacturing）、持续改进与流程监控）则更为出色。此外，在该类企业任职的工厂经理还提到，其在销售、营销及新产品推出环节拥有更高的总部自主权。