Managerial ability and firm performance: Evidence from an emerging market

This study empirically examines the impact of managerial ability on firm performance. Using the sample of 246 firms listed at Pakistan Stock Exchange during 2009 to 2017, this study finds that more able managers significantly increase the firm performance while less able managers significantly reduc...

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Autores principales:	Aamir Inam Bhutta, Muhammad Fayyaz Sheikh, Aroosa Munir, Arooj Naz, Iqra Saif
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	firm performance managerial ability fixed effects 2sls pakistan Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/2d80bfff445e4733b82976f8a2e46cba
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spelling	oai:doaj.org-article:2d80bfff445e4733b82976f8a2e46cba2021-12-02T13:56:16ZManagerial ability and firm performance: Evidence from an emerging market2331-197510.1080/23311975.2021.1879449https://doaj.org/article/2d80bfff445e4733b82976f8a2e46cba2021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2021.1879449https://doaj.org/toc/2331-1975This study empirically examines the impact of managerial ability on firm performance. Using the sample of 246 firms listed at Pakistan Stock Exchange during 2009 to 2017, this study finds that more able managers significantly increase the firm performance while less able managers significantly reduce the firm performance. These findings hold for both accounting and market measures of firm performance as well as alternative measures of managerial ability. Further, we control for endogeneity and cross-sectional variation issues using 2SLS and Fama-MacBeth methods, respectively. Overall, we conclude that able managers enhance the firm value, and the effects are stronger in financially constrained firms. This study provides fresh evidence that able managers bring intangible resources in the firms, which positively contribute to the firm performance even in the challenging environment and the weak legal systems.Aamir Inam BhuttaMuhammad Fayyaz SheikhAroosa MunirArooj NazIqra SaifTaylor & Francis Grouparticlefirm performancemanagerial abilityfixed effects2sls pakistanBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 8, Iss 1 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	firm performance managerial ability fixed effects 2sls pakistan Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	firm performance managerial ability fixed effects 2sls pakistan Business HF5001-6182 Management. Industrial management HD28-70 Aamir Inam Bhutta Muhammad Fayyaz Sheikh Aroosa Munir Arooj Naz Iqra Saif Managerial ability and firm performance: Evidence from an emerging market
description	This study empirically examines the impact of managerial ability on firm performance. Using the sample of 246 firms listed at Pakistan Stock Exchange during 2009 to 2017, this study finds that more able managers significantly increase the firm performance while less able managers significantly reduce the firm performance. These findings hold for both accounting and market measures of firm performance as well as alternative measures of managerial ability. Further, we control for endogeneity and cross-sectional variation issues using 2SLS and Fama-MacBeth methods, respectively. Overall, we conclude that able managers enhance the firm value, and the effects are stronger in financially constrained firms. This study provides fresh evidence that able managers bring intangible resources in the firms, which positively contribute to the firm performance even in the challenging environment and the weak legal systems.
format	article
author	Aamir Inam Bhutta Muhammad Fayyaz Sheikh Aroosa Munir Arooj Naz Iqra Saif
author_facet	Aamir Inam Bhutta Muhammad Fayyaz Sheikh Aroosa Munir Arooj Naz Iqra Saif
author_sort	Aamir Inam Bhutta
title	Managerial ability and firm performance: Evidence from an emerging market
title_short	Managerial ability and firm performance: Evidence from an emerging market
title_full	Managerial ability and firm performance: Evidence from an emerging market
title_fullStr	Managerial ability and firm performance: Evidence from an emerging market
title_full_unstemmed	Managerial ability and firm performance: Evidence from an emerging market
title_sort	managerial ability and firm performance: evidence from an emerging market
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/2d80bfff445e4733b82976f8a2e46cba
work_keys_str_mv	AT aamirinambhutta managerialabilityandfirmperformanceevidencefromanemergingmarket AT muhammadfayyazsheikh managerialabilityandfirmperformanceevidencefromanemergingmarket AT aroosamunir managerialabilityandfirmperformanceevidencefromanemergingmarket AT aroojnaz managerialabilityandfirmperformanceevidencefromanemergingmarket AT iqrasaif managerialabilityandfirmperformanceevidencefromanemergingmarket
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Managerial ability and firm performance: Evidence from an emerging market

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