This study empirically examines the impact of managerial ability on firm performance. Using sample 246 firms listed at Pakistan Stock Exchange during 2009 to 2017, this finds that more able managers significantly increase performance while less reduce These findings hold for both accounting and market measures as well alternative ability. Further, we control endogeneity cross-sectional variatio...

When a manager, an entrepreneur and outside investors interact under asymmetric information, outsiders limit their stake to eliminate insider cheating; and entrepreneurs offer managers a contractual wage sufficient to deter cheating. When capital is too expensive, this contract is infeasible, and owner-managers rule, otherwise entrepreneurialmanagerial pairs emerge. Individuals with managerial ...

This paper examines the relationship between voluntary disclosure of carbon emissions information and credit ratings, whether managerial ability affects this association. I examine a sample 7996 non-financial companies with fiscal year-end in December listed Korea Stock Exchange Market (KSE) for period 2011–2019. Using CDP reports to measure information, study that, on average, ratings can be i...