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It is popular to assume that there is a link between skill and performance, yet the evidence is tenuous. Both terms defy simple definition and much current work aggregates findings, conflating firms that compete on the basis of skill with those that do not. This article provides a detailed review of the difficulties involved. Skill may indeed contribute to performance on the shop floor but the performance of the organization as a whole is not the same as that of the shop‐floor writ large, while soft skills are difficult to assess and judgments may be contaminated by prejudice. It concludes with suggestions for better research designs that could capture this relationship.  相似文献   
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The voice‐exit paradigm continues to serve as the framework for debating key issues in UK corporate governance. That paradigm, however, has become an anachronism with the recent changes in the scale and organisational structure of the UK asset management industry. As a result of these changes the “holding” and the “selling” of shares tend to be mutually inclusive rather than exclusive acts, and the capital market's corporate governance role is now exercised more through the gravitational pull of equity trading than through the medium of hostile takeovers. If the new realities are to be correctly appraised and factored into the corporate governance codes of conduct, the voice‐exit paradigm has to be abandoned in favour of an alternative framework that is attuned to these realities. The aim of this paper is to help develop such a framework.  相似文献   
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