Does Permanency Matter by Controlling Corporate Governance? Evidence from Emerging Economies

IF 4.7 Q2 MATERIALS SCIENCE, BIOMATERIALS ACS Applied Bio Materials Pub Date : 2024-06-13 DOI:10.1177/09721509241251546

Muhammad Aksar, Shoaib Hassan, Javed Arshad, Iftikhar Ali Janjua

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Abstract

Prior studies captured the influence of managerial behaviour in terms of their efficiencies and abilities on firm performance. However, the impact of managerial performance permanency on firm performance is still a grey area. This study aims to compare the influence of managerial behaviour and its permanency on firm performance by controlling the effect of corporate governance. The data envelopment analysis has been used to capture the managerial behaviour, which considers the data for 11 years from 2009 to 2019. The data were gathered from 492 firms listed on the stock exchanges of Pakistan, Bangladesh and India. The influence of managerial behaviour and comparison between permanent and temporary organizational behaviour on firm performance has been tested using the generalized method of moments. The results showed that permanency in managerial behaviour has a more positive impact on firm performance than short-term managerial behaviour. The study’s outcome is helpful for the board of directors and policymakers to maintain stability in managerial behaviour in terms of their efficiencies to improve firm performance.

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控制公司治理的长期性重要吗？新兴经济体的证据

先前的研究从管理者的效率和能力方面探讨了管理行为对企业绩效的影响。然而，管理者绩效持久性对企业绩效的影响仍是一个灰色地带。本研究旨在通过控制公司治理的影响，比较管理行为及其持久性对公司绩效的影响。数据包络分析法用于捕捉管理行为，考虑了 2009 年至 2019 年 11 年的数据。数据收集自在巴基斯坦、孟加拉国和印度证券交易所上市的 492 家公司。使用广义矩方法检验了管理行为的影响以及永久性和临时性组织行为对公司业绩的影响。结果表明，与短期管理行为相比，长期管理行为对公司业绩的影响更为积极。研究结果有助于董事会和决策者保持管理行为在效率方面的稳定性，从而提高公司业绩。

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来源期刊

ACS Applied Bio Materials Chemistry-Chemistry (all)

CiteScore

9.40

自引率

2.10%

发文量

464

期刊介绍： ACS Applied Bio Materials is an interdisciplinary journal publishing original research covering all aspects of biomaterials and biointerfaces including and beyond the traditional biosensing, biomedical and therapeutic applications. The journal is devoted to reports of new and original experimental and theoretical research of an applied nature that integrates knowledge in the areas of materials, engineering, physics, bioscience, and chemistry into important bio applications. The journal is specifically interested in work that addresses the relationship between structure and function and assesses the stability and degradation of materials under relevant environmental and biological conditions.