We explain why family-centered noneconomic goals and bounded rationality decrease the willingness and ability of smalland medium-sized family firms to hire and provide competitive compensation to nonfamily managers even in a labor market composed of stewards rather than agents. Family-centered noneconomic goals attenuate the ability to attract high-quality, nonfamily managers by promoting infer...

Purpose – The purpose of this paper is to investigate whether managers at different levels differ in terms of ability and personality. Design/methodology/approach – Assessment centre results for over a thousand managers on two cognitive and two non-cognitive tests were subject to analysis of variance. Findings – Non-manager specialists scored highest on one ability test, but lowest on the other...

The connection between strategic change and managerial turnover is studied within a model where managers decide on a …rm’s strategy. Managers as well as …rm owners care for the long-term success of a company. But managers are also interested in their own reputation. Due to reputational concerns managers may be reluctant to alter strategic decisions they themselves made in the past even when int...

We investigate how managerial ability affects the intentional distortion of financial statements (earnings management). On the one hand, better managers receive a compensation premium for their perceived ability, and to the extent that earnings management would tarnish their reputations, we expect them to manage earnings less. On the other hand, better managers may be more able to extract rents...

The Möbius-Kantor map {4 + 4, 3} [CMo, §8.8, 8.9] is a regular orientable map of type {8, 3} and genus 2. It is a 2-sheeted covering of the cube {4, 3}, branched over the centers of its six faces, each of which lifts to an octagonal face. Its (orientation-preserving) automorphism group is isomorphic to GL2(3), a double covering of the automorphism group PGL2(3) ∼= S4 of the cube. The aim of thi...

Addressing the call for a deeper understanding of ambidexterity at the individual level, we propose that managers’ networks are an important yet understudied factor in the ability to balance the trade-off between exploring for new business and exploiting existing business. Analyses of 1449 ties in the internal and external networks of 79 senior managers in a management consulting firm revealed ...

introduction: the purpose of this study was to examine the possibility of implementing operating budgeting in shiraz municipality. method: the population of this study was consisted of four groups of individuals who were aware of the various phases of budgeting in shiraz municipality including: (1) senior managers and administrative and financial assistants, (2) financial managers along with ac...

Research on managers' emotional intelligence and citizenship behavior in today's workplace outlined the importance of the manager and employees' challenges, contribution and how to solve it. The aim of this paper is to determine the managers’ proficiency using ability model (emotional intelligence) that benefits for manager to be responsive towards employees while expressing the information for...