Abstract
In the world of professional sports, a manager’s ability to influence team success is often questioned. This study exploits a unique feature of Major League Baseball (MLB), which has different rules of play depending on what league a team is in, to examine whether managerial impact is driven by the level of responsibility they are given over in-game decision making. Using 47 seasons of MLB data, we find evidence that the development of human capital in the form of on-the-job experience and exposure to prior success is only beneficial when managers are employed in more complex decision-making environments. The results of this study have ramifications on the hiring decisions, both in terms of personnel choice and remuneration, of professional sports organizations.
Original language | English |
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Pages (from-to) | 5877-5882 |
Number of pages | 6 |
Journal | Applied Economics |
Volume | 53 |
Issue number | 51 |
Early online date | 13 Jun 2021 |
DOIs | |
Publication status | Published - 2 Nov 2021 |
Keywords
- Managerial impact
- organizational performance
- sport