NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Hongyi Li

School of Economics
University of New South Wales
UNSW Sydney 2052
Australia
Tel: +61 0415868219

E-Mail: hongyi@unsw.edu.au

NBER Working Papers and Publications

February 2012Who Lives in the C-Suite? Organizational Structure and the Division of Labor in Top Management
with Maria Guadalupe, Julie Wulf: w17846
This paper shows that top management structures in large US firms radically changed since the mid-1980s. While the number of managers reporting directly to the CEO doubled, the growth was driven primarily by functional managers rather than general managers. Using panel data on senior management positions, we explore the relationship between changes in executive team composition, firm diversification, and IT investments--which arguably alter returns to exploiting synergies through corporate-wide coordination by functional managers in headquarters. We find that the number of functional managers closer to the product ("product" functions i.e., marketing, R&D) increase as firms focus their businesses, while the number of functional managers farther from the product ("administrative" functions ...

Published: Maria Guadalupe & Hongyi Li & Julie Wulf, 2014. "Who Lives in the C-Suite? Organizational Structure and the Division of Labor in Top Management," Management Science, vol 60(4), pages 824-844. citation courtesy of

 
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