Answer Happy

6. Suppose that you want to estimate the effect of foreign ownership (treatment) on the quality of management of manufacturing firms (outcome). Let's assume that the ownership type can affect the decision of hiring skilled senior managers, and the knowledge and skills of hired senior managers can affect the quality of management (Please see the causal map below). foreign ownership Senior management Quality of management Your colleague tells you to control the skills and experience of senior management. Is that a good idea? Why or why not?