Does managerial ability increase or decrease firm value?

Qiubin Huang and Mengyuan Xiong

Applied Economics Letters, 2023, vol. 30, issue 13, 1717-1722

Abstract: Recent studies have revealed the bright side and dark side of managerial ability, while its effect on firm value remains unclear. We find that managerial ability is positively associated with firm value, and the association is positively (negatively) moderated by ownership concentration (firm size and board independence). Moreover, the positive effect of managerial ability on firm value is greater with increased economic policy uncertainty. Overall, our findings highlight the importance of superior managers in enhancing firm value, especially in challenging environment.

Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2022.2081658 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:30:y:2023:i:13:p:1717-1722

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2022.2081658

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().