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- Data on regional GDP per capita is drawn from Gennaioli et al (2103). The measure is expressed in PPP constant 2005 international dollars.
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- Data on regional GDP per capita is drawn from Gennaioli et al (2103). The measure is expressed in PPP constant 2005 international dollars.
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- ln(1+CEO&Hours&before&3PM) Table&A7&)&Accounting&Data&)&Summary&Statistics Mean Standard& Deviation Number&of&firms& with&available& information Number'of'Employees 1502.35 10625.26 909 Sales'per'Employee'($) 295.51 3266.02 909 Capital'per'Employee'($) 61.15 283.03 700 Materials'per'Employee'($) 125.08 659.24 443 ROCE 0.12 0.10 493 Sales'growth'(1'year) 0.06 0.12 780 Tobin's'q 1.03 1.00 298 Notes: All data drawn from ORBIS, averages across the 3 years of accounting data used in Table 6 (only years in which the CEO was in office are included). All variables expressed'in'US$.'Accounting'data'run'between'2007'and'2013.
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- The import competition measure is built as real industry imports divided by industry sales, using STAN data produced by the OECD. The measure is obtained by taking averages across all countries in our sample for which the industry measures were available (France, Germany, UK and US). The years used to build this measures are 2006 to 2008, i.e. the latest years for which the data was produced using the ISIC REV3 classification (the coverage of the countries included in our sample declines dramatically in the data produced using the ISIC REV4 classification).
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- The import competition measure is built as real industry imports divided by industry sales, using STAN data produced by the OECD. The measure is obtained by taking averages across all countries in our sample for which the industry measures were available (France, Germany, UK and US). The years used to build this measures are 2006 to 2008, i.e. the latest years for which the data was produced using the ISIC REV3 classification (the coverage of the countries included in our sample declines dramatically in the data produced using the ISIC REV4 classification).
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- The Lerner index of competition is constructed following Aghion et al. (2005) as the mean of (1-profit/sales) in the entire database excluding the firm itself for every three digit SIC industry, using accounting data relative to the six countries in our sample (data averaged between 2006 and 2010 for India and between 2008 and 2012 for the rest of the countries).
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- The Lerner index of competition is constructed following Aghion et al. (2005) as the mean of (1-profit/sales) in the entire database excluding the firm itself for every three digit SIC industry, using accounting data relative to the six countries in our sample (data averaged between 2006 and 2010 for India and between 2008 and 2012 for the rest of the countries).
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- The Rule of Law measure captures perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. Estimate gives the country’s score on the aggregate indicator, in units of a standard normal distribution, i.e. ranging from approximately-2.5 to 2.5. and is drawn from the Kau↵man et al (2010).
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- The Rule of Law measure captures perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. Estimate gives the country’s score on the aggregate indicator, in units of a standard normal distribution, i.e. ranging from approximately-2.5 to 2.5. and is drawn from the Kau↵man et al (2010).
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- We actively monitored and coached the enumerators throughout the project, which intensified their persistence in chasing the CEOs and getting them to participate. We also o↵ered the CEOs a personalized analysis of their use of time (which was sent to them in January 2012 to the Indian CEOs and in June 2014 to the rest of the countries) to give them the ability to monitor their time allocation, and compare it with peers in the industry.
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- We actively monitored and coached the enumerators throughout the project, which intensified their persistence in chasing the CEOs and getting them to participate. We also o↵ered the CEOs a personalized analysis of their use of time (which was sent to them in January 2012 to the Indian CEOs and in June 2014 to the rest of the countries) to give them the ability to monitor their time allocation, and compare it with peers in the industry.
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