Local supply of managerial skills can impact firm performance

If you think that the executive labor market is a global one, you're not alone. After all, it's pretty common to read about top managers being hired to steer the fate of far-away companies. However, recent research by Julien Sauvagnat (Bocconi Department of Finance) and Fabiano Schivardi (LUISS) highlights that local supply of managerial talent is an underestimated driver of company performance, and that local policies aimed at boosting growth should boost the supply of leadership skills.