Managerial ability and investment decisions: Evidence from Chinese market

被引：14
|
作者：
Naheed, Rehana [1 ]
Jawad, Muhammad [2 ]
Naz, Munazza [3 ]
Sarwar, Bushra [4 ]
Naheed, Rukhsana [5 ]
机构：
[1] Lahore Leads Univ, Dept Business Adm, Lahore, Pakistan
[2] Fatima Jinnah Women Univ, Dept Commerce, Rawalpindi, Pakistan
[3] Fatima Jinnah Women Univ, Dept Math, Rawalpindi, Pakistan
[4] Univ Sci & Technol Beijing, Dongling Sch Econ & Management, Beijing, Peoples R China
[5] Univ Haripur, Dept Econ, Haripur, Pakistan
来源：
MANAGERIAL AND DECISION ECONOMICS | 2021年 / 42卷 / 04期
关键词：
D O I：
10.1002/mde.3287
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Policymakers/researchers have developed a lot of theories and empirics to study issues related to investment policy. The current study investigcates in detail the managerial role in a firm's investment decision. This study is evident that the relationship is more profound for the firms that are large and financially unconstrained and have a strong balance sheet position. For economic constraints, the effect for SO firms is more pertinent than non-state-owned (NSO) firms, and the negative effect of competition and recession is decreased by high ability managers. For mitigating the effect of endogeneity and getting robust results, a propensity score matching approach is to be used.
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页码：985 / 997
页数：13
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