Access the full text.
Sign up today, get DeepDyve free for 14 days.
Journal of Business Systems, Governance and Ethics, 6
Yuk Chang, S. Dasgupta, G. Hilary (2010)
CEO Ability, Pay and Firm PerformanceCorporate Governance & Accounting eJournal
Song Xue-feng (2013)
Effect of Corporate Governance and Managerial Overconfidence on Enterprise and Market Performance: An Empirical Study Based on Different Ownership in ChinaModern Finance and Economics-Journal of Tianjin University of Finance and Economics
Management Science, 57
M. Dahmani, Ghazi Zouari (2016)
The Indirect Impact of Overconfidence on the Performance of Tunisian Firms Through their Financing Structure, 2
Liu Han-qiao (2010)
The Relation of Manager Characteristics and Corporate Performance Based on Perspective of Managerial EntrenchmentCommercial Research
Wangfeng Zhang, Lihong Cao (2016)
Family involvement, internal control and agency costs – Evidences from China's listed family firms ☆Perspectives on Science, 7
Bryan Hong, Zhichuan Li, Dylan Minor (2015)
Corporate Governance and Executive Compensation for Corporate Social ResponsibilityJournal of Business Ethics, 136
Yu-Chen Lin, Ying‐Chieh Wang, Jeng‐Ren Chiou, H. Huang (2014)
CEO Characteristics and Internal Control QualityInternational Corporate Finance eJournal
Rui Li, Mengying Wang (2018)
Moral Hazard, Agency Cost, and Firm GrowthCorporate Governance: Capital Raising
P. Andreou, D. Ehrlich, Isabella Karasamani, C. Louca (2015)
Managerial Ability and Firm Performance: Evidence from the Global Financial Crisis
Cemal Zehir, H. Keskin, Haluk Tanrıverdi, Ayhan Yasan (2015)
The Effects of the Structure of the Board of Directors on the Performance of Small to Medium Scale EnterprisesInternational Business Research, 8
Shourvarzi Reza, Khalili Mohsen, Soleimani Hamid, Foroutan Omid (2015)
THE RELATIONSHIP BETWEEN OF CORPORATE GOVERNANCE AND FIRM PERFORMANCE BASED ON FUZZY REGRESSION, 7
Management Science, 58
Journal of Financial Intermediation, 22
S. Deshmukh, A. Goel, Keith Howe (2010)
CEO Overconfidence and Dividend PolicyS&P Global Market Intelligence Research Paper Series
Evgenia Kuminova, F. López-Iturriaga, M. Zavertiaeva (2018)
Better Innovators or More Innovators? Managerial Overconfidence and Corporate R&DBehavioral & Experimental Economics eJournal
M. Salehi, Mahmoud Dashtbayaz, Samaneh Moghadam (2018)
The relationship between management characteristics and firm innovationInternational Journal of Productivity and Performance Management
Richard Fairchild (2005)
The Effect of Managerial Overconfidence, Asymmetric Information, and Moral Hazard on Capital Structure Decisions.FEN: Behavioral Finance (Topic)
European Management Review, 11
Journal of Financial and Quantitative Analysis, 50
Renny Nur’ainy, Bagus Nurcahyo, Sri Kurniasih, B. Sugiharti (2013)
Implementation of Good Corporate Governance and Its Impact on Corporate Performance: The Mediation Role of Firm Size (Empirical Study from Indonesia)Global Business and Management Research: An International Journal, 5
Kwok Cheung, Dharmendra Naidu, F. Navissi, Kumari Ranjeeni (2017)
Valuing talent: do CEOs' ability and discretion unambiguously increase firm performanceJournal of Corporate Finance, 42
Arman Eshraghi, R. Taffler (2012)
Fund Manager Overconfidence and Investment Performance: Evidence from Mutual FundsBehavioral & Experimental Finance eJournal
Sonia Moussa, Houssem Rachdi, Aymen Ammeri (2013)
Governance, Managers’ Entrenchment and Performance: Evidence in French Firms Listed in SBF 120International journal of business and social research, 3
J. Leng, Aydin Ozkan, Neslihan Ozkan, Agnieszka Trzeciakiewicz (2018)
CEO Overconfidence and the Probability of Corporate Failure: Evidence from the UKCorporate Governance: Bankruptcy
A. Dhaoui, Fathi Jouini (2011)
R&D Investment, Governance and Management Entrenchment in French Companies Listed in SBF250Journal of Economic and Social Studies, 1
Konstantin Maschke, Dodo Knyphausen-Aufseβ (2012)
How the Entrepreneurial Top Management Team Setup Influences Firm Performance and the Ability to Raise Capital: A Literature ReviewBusiness Research, 5
M. Donadelli, Marco Fasan, Barbara Magnanelli (2014)
The Agency Problem, Financial Performance and Corruption: Country, Industry and Firm Level PerspectivesCorporate Governance & Finance eJournal
E. Croci, D. Petmezas, Evangelos Vagenas‐Nanos (2010)
Managerial Overconfidence in High and Low Valuation Markets and Gains to AcquisitionsCorporate Finance: Governance
Peter Demerjian, B. Lev, Sarah McVay (2011)
Quantifying Managerial Ability: A New Measure and Validity TestsERPN: Governance (Management) (Topic)
M. Salehi, Mahmoud Laridashtbayaz, Afsaneh Azimi (2016)
The Relationship Between Institutional and Management Ownership and Financial Flexibility in IranCorporate Board: role, duties and composition, 12
International Review of Finance
Kenneth Yung, Chen Chen (2018)
Managerial ability and firm risk-taking behaviorReview of Quantitative Finance and Accounting, 51
Chew Lee (2011)
English Language and Economic Growth: Cross-Country Empirical EvidenceJournal of Economic and Social Studies, 1
(2015)
The investigation of the effect of free cash flow and agency costs on performance of listed firms on Tehran stock exchange
Sangyong Han, Gene Lai, Chia-Ling Ho (2015)
CEO Confidence or Overconfidence ? The Impact of CEO overconfidence on Risk Taking and Firm Performance in the U . S . Property-Liability Insurance Companies
N. Wellalage, S. Locke (2014)
Agency costs, ownership structure and corporate governance mechanisms: A case study in New Zealand unlisted small companiesJournal of Law and Governance, 6
Heibatollah Sami, Justin Wang, Haiyan Zhou (2011)
Corporate governance and operating performance of Chinese listed firmsJournal of International Accounting, Auditing and Taxation, 20
J. Martín-Reyna, J. Duran-Encalada (2012)
The relationship among family business, corporate governance and firm performance: Evidence from the Mexican stock exchangeJournal of Family Business Strategy, 3
Sheng-Syan Chen, Keng-Yu Ho, Po-Hsin Ho (2014)
CEO Overconfidence and Long‐Term Performance Following R&D IncreasesFinancial Management, 43
L. Rosa (2011)
Overconfidence and moral hazardGames Econ. Behav., 73
(2013)
Financing managers over-trust on firms’ financial performance and evaluating criteria of joint venture funds
Augustine Duru, Raghavan Iyengar, Ernest Zampelli (2016)
The dynamic relationship between CEO duality and firm performance: The moderating role of board independenceJournal of Business Research, 69
Peter Demerjian, B. Lev, Melissa Lewis, Sarah McVay (2013)
Managerial Ability and Earnings QualityThe Accounting Review, 88
M. Salehi, Mahbubeh Mahmoudabadi, M. Adibian (2018)
The relationship between managerial entrenchment, earnings management and firm innovationInternational Journal of Productivity and Performance Management
O. Agyemang, E. Aboagye, S. Antwi, Joyce Frimpong (2014)
Board of Directors and Firm Performance of Banking Institutions: A Ghanaian Experience
(2014)
The effect of managerial overconfidence on social responsibility
N. Bhattacharya, Hemang Desai, K. Venkataraman (2011)
Does Earnings Quality Affect Information Asymmetry? Evidence from Trading CostsCapital Markets: Asset Pricing & Valuation
M. Nishihara, S. Sarkar, Chuanqian Zhang (2019)
Agency Cost of Debt Overhang with Optimal Investment Timing and SizeCorporate Finance: Governance
Elyas Elyasiani, Ling Zhang (2015)
CEO entrenchment and corporate liquidity managementJournal of Banking and Finance, 54
X. Chang, H. Zhang (2013)
Managerial Entrenchment and Firm Value: A Dynamic PerspectiveCorporate Governance & Finance eJournal
René Stulz (1988)
Managerial control of voting rights: Financing policies and the market for corporate controlJournal of Financial Economics, 20
Dev Mishra (2014)
The Dark Side of CEO Ability: CEO General Managerial Skills and Cost of Equity CapitalCGN: CEOs (Sub-Topic)
Erkut Altındağ, Funda Siller (2014)
Effects of Flexible Working Method on Employee Performance: An Empirical Study in TurkeyBusiness and Economics Journal, 5
Chris Florackis, Aydin Ozkan (2009)
The Impact of Managerial Entrenchment on Agency Costs: An Empirical Investigation Using UK Panel DataEuropean Finance
Luo Jing-b (2014)
Is Managerial Overconfidence Good or Bad for Corporate Performance? Evidence from the Perspective of Accounting ConservatismJournal of finance and economics
P. Hribar, Holly Yang (2015)
CEO Overconfidence and Management ForecastingLRN: Consequences of Leadership (Topic)
Zhu Xiao-ping (2011)
Managerial Overconfidence and Firm PerformanceJournal of Tianjin University of Commerce
M. Salehi, Afsaneh Lotfi, Shayan Farhangdoust (2017)
The effect of financial distress costs on ownership structure and debt policy: An application of simultaneous equations in IranJournal of Management Development, 36
Financial Accounting and Auditing Research Journal, 7
Somayeh Baratiyan, M. Salehi (2013)
The Effect of Management Entrenchment on the Equity Capital in IranPakistan Journal of Commerce and Social Sciences, 7
R. Bharati, Thomas Doellman, Xudong Fu (2016)
CEO confidence and stock returnsJournal of Contemporary Accounting & Economics, 12
Scott Duellman, Helen Hurwitz, Yan Sun (2015)
Managerial Overconfidence and Audit FeesCorporate Governance & Sociology or Psychology eJournal
Contemporary Accounting Research, 34
Jonathan Bauweraerts, O. Colot (2014)
Performance implications of manager entrenchment in family firmsBusiness and Economics Journal, 5
Journal of Business, Finance and Accounting, 46
Hang Li (2015)
Managerial Ability and Internal Control Quality: Evidence from ChinaInternational Journal of Financial Research, 6
Wei Jiang, M. Adams, Joy Jia-Upreti (2012)
Does managerial entrenchment motivate the insurance decisionInternational Review of Financial Analysis, 24
Justin Davis, R. Bell, G. Payne, Patrick Kreiser (2010)
Entrepreneurial Orientation and Firm Performance: The Moderating Role of Managerial PowerAmerican Journal of Business, 25
The Quarterly Journal of Economics, 118
S. Wang, Yow-Jen Jou, Ke-Chiun Chang, Kun-Wei Wu (2014)
Industry Competition, Agency Problem, and Firm PerformanceRomanian Journal of Economic Forecasting, 17
D. Azeez (2015)
Corporate Governance and Firm Performance : Evidence from Sri Lanka
A. Hillman, T. Dalziel (2003)
Boards of Directors and Firm Performance: Integrating Agency and Resource Dependence PerspectivesAcademy of Management Review, 28
D. Hambrick, P. Mason (1984)
Upper Echelons: The Organization as a Reflection of Its Top ManagersAcademy of Management Review, 9
Journal of Contemporary Accounting and Economics, 11
K. Cornaggia, Gopal Krishnan, Changjiang Wang (2017)
Managerial Ability and Credit RatingsEconometric Modeling: Corporate Finance & Governance eJournal
Contemporary Accounting Research, 30
F. Serra, G. Tres, M. Ferreira (2016)
The ‘CEO’ Effect on the Performance of Brazilian Companies: An Empirical Study Using Measurable CharacteristicsLRN: Consequences of Leadership (Topic)
D. Collins, H. Huang (2011)
Management entrenchment and the cost of equity capitalJournal of Business Research, 64
Zhang Xiao-jiao (2012)
On the Relationship among Managerial Overconfidence, Acquisition Decision and Corporate PerformanceModern Finance and Economics-Journal of Tianjin University of Finance and Economics
Marianne Bertrand, A. Schoar (2003)
THE EFFECT OF MANAGERS ON FIRM POLICIES
PurposeThis study aims to investigate the relationship between management characteristics including management capability, management entrenchment, agency costs and overconfidence and firm performance in companies listed on the Tehran Stock Exchange market.Design/methodology/approachThe research population includes 125 companies after applying systematic elimination sampling method during 2010-2016. The primary measure for companies’ performance is return on assets and Demerjian et al. (2012a) model is used to measure managerial characteristics.FindingsThe results indicated that two management characteristics, namely, management capability and overconfidence are positively associated with firm performance and improve the level of performance. Agency costs did not have any significant effect on firm performance and management entrenchment leads to deterioration in firm performance.Originality/valueThe paper focuses on managerial characteristics and firm performance, which the results may very helpful to companies and investors to hiring managers with specific characteristics. Moreover, the results may give strength to further studies.
Competitiveness Review – Emerald Publishing
Published: Jul 15, 2019
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.