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The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan

This study utilizes mediation analysis and bootstrapping to analyze the mediating effect of capital structure on the association between managerial ability and firm performance. The dataset consists of 6384 firm-year observations from the Taiwanese electronics industry during 2005–2018. Our results...

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Main Authors: Ting, Irene Wei Kiong, Tebourbi, Imen, Lu, Wen-Min, Kweh, Qian Long
Format: Article
Language:English
Published: Springer 2021
Subjects:
HG Finance
Online Access:http://umpir.ump.edu.my/id/eprint/33706/7/The%20efects%20of%20managerial%20ability.pdf
http://umpir.ump.edu.my/id/eprint/33706/
https://doi.org/10.1186/s40854-021-00320-7
https://doi.org/10.1186/s40854-021-00320-7
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spelling my.ump.umpir.337062022-04-21T04:49:53Z http://umpir.ump.edu.my/id/eprint/33706/ The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan Ting, Irene Wei Kiong Tebourbi, Imen Lu, Wen-Min Kweh, Qian Long HG Finance This study utilizes mediation analysis and bootstrapping to analyze the mediating effect of capital structure on the association between managerial ability and firm performance. The dataset consists of 6384 firm-year observations from the Taiwanese electronics industry during 2005–2018. Our results indicate that (1) low (high) levels of debt are likely observed in firms with CEOs with high (low) ability, (2) managerial ability positively affects firm performance, and (3) capital structure mediates the positive relationship between managerial ability and firm performance. Overall, the findings may have limited generalizability due to the specific sample characteristics and provide convincing support for the importance of capital structure as a mediator in the managerial ability-firm performance nexus. Specifically, this study highlights the need for examining the effect of managerial ability on firm performance through a mediator. Springer 2021 Article PeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/33706/7/The%20efects%20of%20managerial%20ability.pdf Ting, Irene Wei Kiong and Tebourbi, Imen and Lu, Wen-Min and Kweh, Qian Long (2021) The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan. Financial Innovation, 7 (89). pp. 1-23. ISSN 2199-4730 https://doi.org/10.1186/s40854-021-00320-7 https://doi.org/10.1186/s40854-021-00320-7
institution Universiti Malaysia Pahang
building UMP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Pahang
content_source UMP Institutional Repository
url_provider http://umpir.ump.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
Ting, Irene Wei Kiong
Tebourbi, Imen
Lu, Wen-Min
Kweh, Qian Long
The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan
description This study utilizes mediation analysis and bootstrapping to analyze the mediating effect of capital structure on the association between managerial ability and firm performance. The dataset consists of 6384 firm-year observations from the Taiwanese electronics industry during 2005–2018. Our results indicate that (1) low (high) levels of debt are likely observed in firms with CEOs with high (low) ability, (2) managerial ability positively affects firm performance, and (3) capital structure mediates the positive relationship between managerial ability and firm performance. Overall, the findings may have limited generalizability due to the specific sample characteristics and provide convincing support for the importance of capital structure as a mediator in the managerial ability-firm performance nexus. Specifically, this study highlights the need for examining the effect of managerial ability on firm performance through a mediator.
format Article
author Ting, Irene Wei Kiong
Tebourbi, Imen
Lu, Wen-Min
Kweh, Qian Long
author_facet Ting, Irene Wei Kiong
Tebourbi, Imen
Lu, Wen-Min
Kweh, Qian Long
author_sort Ting, Irene Wei Kiong
title The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan
title_short The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan
title_full The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan
title_fullStr The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan
title_full_unstemmed The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan
title_sort effects of managerial ability on firm performance and the mediating role of capital structure: evidence from taiwan
publisher Springer
publishDate 2021
url http://umpir.ump.edu.my/id/eprint/33706/7/The%20efects%20of%20managerial%20ability.pdf
http://umpir.ump.edu.my/id/eprint/33706/
https://doi.org/10.1186/s40854-021-00320-7
https://doi.org/10.1186/s40854-021-00320-7
_version_ 1731225792921206784
score 13.211869

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