{"title":"管理能力是否影响公司多元化战略和公司多元化绩效?来自美国的证据","authors":"Hui-Wen Hsu","doi":"10.47260/jafb/1314","DOIUrl":null,"url":null,"abstract":"Abstract\n\nThis study investigates whether managerial ability affects the degree of corporate diversification. Further, it examines whether the performance effect of diversification depends on managerial ability. Using a sample of US firms from 2013 to 2017, this study finds that managerial ability is negatively correlated with corporate diversification strategies. This study also found that managerial ability positively moderates the relationship between diversification and firm performance.\n\nJEL classification numbers: G34, M41.\nKeywords: Corporate diversification strategies, Managerial ability, Corporate diversification performance.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"20 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2022-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Does Managerial Ability Affect Corporate Diversification Strategies and Corporate Diversification Performance? Evidence from the US\",\"authors\":\"Hui-Wen Hsu\",\"doi\":\"10.47260/jafb/1314\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract\\n\\nThis study investigates whether managerial ability affects the degree of corporate diversification. Further, it examines whether the performance effect of diversification depends on managerial ability. Using a sample of US firms from 2013 to 2017, this study finds that managerial ability is negatively correlated with corporate diversification strategies. This study also found that managerial ability positively moderates the relationship between diversification and firm performance.\\n\\nJEL classification numbers: G34, M41.\\nKeywords: Corporate diversification strategies, Managerial ability, Corporate diversification performance.\",\"PeriodicalId\":330012,\"journal\":{\"name\":\"Journal of Applied Finance & Banking\",\"volume\":\"20 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2022-11-18\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Applied Finance & Banking\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.47260/jafb/1314\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Applied Finance & Banking","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.47260/jafb/1314","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Does Managerial Ability Affect Corporate Diversification Strategies and Corporate Diversification Performance? Evidence from the US
Abstract
This study investigates whether managerial ability affects the degree of corporate diversification. Further, it examines whether the performance effect of diversification depends on managerial ability. Using a sample of US firms from 2013 to 2017, this study finds that managerial ability is negatively correlated with corporate diversification strategies. This study also found that managerial ability positively moderates the relationship between diversification and firm performance.
JEL classification numbers: G34, M41.
Keywords: Corporate diversification strategies, Managerial ability, Corporate diversification performance.
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