This paper investigates how managerial capacity aspects influence efficiency of dairy farms in Sweden. Based on non-parametric methods, Tobit and logistic regressions, several managerial capacity aspects are found to influence long and short run input efficiency scores, but to influence output efficiency less. Examples of important aspects are: internal locus of control, positive profitability ...

This paper explores the role of unobserved managerial ability in production and its relationship with technical efficiency. Previous analyses of managerial ability have been based on strong assumptions about its role in production or on the use of proxies. We avoid these limitations by introducing managerial ability as an unobserved random variable in a translog production function. The resulti...

nowadays, by the expansion of information technology in human life and dependence of business upon it, data protection, as one the most valuable and critical assets of the organization, has become the vital tool of modern industry and prerequisite for sustaining business process. in order to face the challenges and to take advantage of new opportunities brought forth by it advances we suggest o...

This study investigates empirically the value investors place in excess cash holdingand how managerial ability impact on the value of cash holding for Iranianfirms from 2006 to 2014. In this research, managerial ability calculated by usingthe data envelopment analysis (DEA). Following the approach of Faulkender andWang, we find that the relation between managerial ability and value of cash hold...

The Solow condition is examined in an intertemporal model that blends the shirking and the turnover models of efficiency wages with managerial supervision. It is shown that the Solow condition does not hold when shirking and turnover costs are considered. The Solow condition can be a possible outcome when managerial productivity offsets shirking and turnover costs. JEL Classification: J50, J41,...

Abstract The paper provides a positive and efficiency analysis of dividend taxation in corporate agency model with costly managerial effort. Unlike existing (agency) models, this is consistent empirical work finance able to predict empirically-observed investment responses taxation. In addition, we show that changes are not sufficient infer, first, the cost and, second, financing regime underly...