TY  - RPRT
        AU  - Goodall, Amanda H.
AU  - Kahn, Lawrence M.
AU  - Oswald, Andrew J.
        TI  - Why Do Leaders Matter? The Role of Expert Knowledge
        PY  - 2008/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3583
        UR  - https://www.iza.org/publications/dp3583
        AB  - Why do some leaders succeed while others fail? This question is important, but its complexity makes it hard to study systematically. We examine an industry in which there are well-defined objectives, small teams, and exact measures of leaders’ characteristics. We show that a strong predictor of a leader’s success in year T is that person’s own level of attainment, in the underlying activity, in approximately year T-20. Our data come from 15,000 professional basketball games. The effect on team performance of the coach’s ‘expert knowledge’ is large and is discernible in the data within 12 months of his being hired.
        KW  - leadership
KW  - productivity
KW  - firms
KW  - organizational performance
KW  - fixed-effects
        ER  -