Do able managers take more risks?

Cheng, Lingsha; Zhang, Yongmin

doi:10.1016/j.jik.2022.100182

Cited by 12 publications

(2 citation statements)

References 58 publications

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“…They report that the post-purchase investment allocation process is more compatible with creating value for different buyers that have their own governance structures. Moreover, according to the study of Cheng and Zhang (2022), the ability of managers affects company risk and ultimately this has a significant role on company performance. In this regard, the impact of corporate governance is also significant and should be considered.…”

Section: Investment Efficiency and Institutional Ownershipmentioning

confidence: 99%

Institutional Ownership and Investment Efficiency: Evidence from Iran

Moradi

Yazdifar

Eskandar

et al. 2022

JRFM

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Investment efficiency shows how well a company invests its assets. Although institutional shareholders play undeniable roles in companies, it is not clear whether they are able to monitor managers and make investment decisions or not. This study gives answers to stakeholders, addresses concerns about the effect of the owners on investment efficiency, and aims to add to the literature on emerging markets by investigating the relationship in Iran, a different environment from developed ones. Based on monitoring power, the shareholders are divided into two types: active and passive ones. Investment problems are classified into two types: over- and under-investment problems. The sample consists of 101 firms listed on the Tehran Stock Exchange between 2010 and 2016. Some regression models are used. The results illustrated that institutional owners have a positive effect on investment efficiency and decrease both over- and under-investment problems and so, the efficient monitoring school is approved. Additionally, active ones are positively correlated with investment efficiency and decrease both investment inefficiency problems. Institutional ownership is the cause of investment efficiency, not the reverse. Based on findings, in emerging markets like Iran’s market, investors are recommended to give notice to the level of active ownership in firms; ownership structure is a good sign of efficiency.

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Section: Investment Efficiency and Institutional Ownershipmentioning

confidence: 99%

Institutional Ownership and Investment Efficiency: Evidence from Iran

Moradi

Yazdifar

Eskandar

et al. 2022

JRFM

View full text Add to dashboard Cite

show abstract

“…Effective managerial practices are related to high levels of microenterprise orientation and performance (Rodrigues et al, 2022). Also, managerial capability has a significant impact on firm value (Cheng and Zhang, 2022). However, among the characteristics of micro and small enterprises are that (1) they are family businesses and (2) they are usually run by a family member (Casas et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

Influence of Managerial Skills on the Business Model of Small Firms

Al¹

2023

RLJ

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Objective: To evaluate the influence of managerial skills on the business model of small companies. Methodology: Quantitative approach, non-experimental design of explanatory scope; the sample was 181 leaders and managers of small companies; the instrument used was the questionnaire. Results: the three managerial skills together explain (1) 65.5% of the business model of small companies; (2) 60.5% of the knowledge of the company's external factors and (3) 49.3% of the knowledge of the company's internal factors. Therefore, the study showed that managerial skills are positive and significant for the functioning of the business model of small enterprises. Conclusion: technical ability is the most relevant because it explains: (1) 47.1% of the business model; (2) 47.2% of the knowledge of external factors; and (3) 38.7% of the knowledge of internal factors. Conceptual ability explains (1) 34% of the business model; (2) 34.8% of the knowledge of external factors and (3) 27.3% of the knowledge of internal factors. Human ability explains (1) 24% of the business model; (2) 18.2% of the knowledge of external factors and (3) 25.6% of the knowledge of internal factors.

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The effects of financial institutions on the green energy transition: A cross-sectional panel study

Qin

Wang

et al. 2023

Economic Analysis and Policy

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Do able managers take more risks?

Cited by 12 publications

References 58 publications

Institutional Ownership and Investment Efficiency: Evidence from Iran

Institutional Ownership and Investment Efficiency: Evidence from Iran

Influence of Managerial Skills on the Business Model of Small Firms

The effects of financial institutions on the green energy transition: A cross-sectional panel study

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