Empirical analysis reveals key human capital determinants of managerial efficiency in English football, indicating that prior club ties and playing prestige outweigh general coaching experience.
The problem of hidden action in organizations makes direct measurement of managerial performance problematic. But in English association football hidden action is unlikely to be as serious a problem because the owner observes the manager's performance each time the team plays. In this situation production frontier analysis may be used to measure managerial performance and analyze the variation in performance across managers in terms of manager human capital. Having some kind of prior affiliation with the club and achieving international recognition as a player are especially important. Overall, initial experience matters more than specific and general managerial experience.
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Dawson et al. (2002) studied this question.
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