The report investigates the role of hierarchy in explaining the wage differential between large and small firms in Canada. The study uses the confidential-use files of the Labour Force Survey (LFS) from 2016 to 2022 and exploits the mini-panels form to control for time-invariant unobserved heterogeneity.
Phoenix Strategic Perspectives Inc. facilitated a series of four workshops with small business advisors. These workshops provided SBB with face-to-face contact with members of the business community to obtain feedback appropriate to a decision on whether or not to proceed with the development of a management competency tool.
This pilot study reports on two relatively unexplored aspects of firm performance: the roles of management competencies and owners' perceptions about success. The research is a pilot test of a Management Competency Index, a diagnostic tool that seeks to measure the nature and diversity of managerial skills and knowledge of owners of small and medium-sized enterprises (SMEs).
The background to this work stems from Industry Canada's central emphasis in the policy agenda on a strategy to encourage innovation as the engine of growth for productivity and competitiveness in the globalized knowledge-based economy.