The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan

dc.contributor.author Ting, Irene Wei Kiong
dc.contributor.author Tebourbi, Imen
dc.contributor.author Lu, Wen-Min
dc.contributor.author Kweh, Qian Long
dc.date.accessioned 2021-12-28T13:33:50Z
dc.date.available 2021-12-28T13:33:50Z
dc.date.copyright © 2021
dc.date.issued 2021-12
dc.description This article is not available at CUD collection. The version of scholarly record of this article is published in Financial Innovation (2021), available online at: https://doi.org/10.1186/s40854-021-00320-7 en_US
dc.description.abstract This study utilizes mediation analysis and bootstrapping to analyze the mediating effect of capital structure on the association between managerial ability and firm performance. The dataset consists of 6384 firm-year observations from the Taiwanese electronics industry during 2005–2018. Our results indicate that (1) low (high) levels of debt are likely observed in firms with CEOs with high (low) ability, (2) managerial ability positively affects firm performance, and (3) capital structure mediates the positive relationship between managerial ability and firm performance. Overall, the findings may have limited generalizability due to the specific sample characteristics and provide convincing support for the importance of capital structure as a mediator in the managerial ability-firm performance nexus. Specifically, this study highlights the need for examining the effect of managerial ability on firm performance through a mediator. © 2021, The Author(s). en_US
dc.identifier.citation Ting, I. W. K., Tebourbi, I., Lu, W. -., & Kweh, Q. L. (2021). The effects of managerial ability on firm performance and the mediating role of capital structure: Evidence from taiwan. Financial Innovation, 7(1), https://doi.org/10.1186/s40854-021-00320-7 en_US
dc.identifier.issn 21994730
dc.identifier.uri https://doi.org/10.1186/s40854-021-00320-7
dc.identifier.uri http://hdl.handle.net/20.500.12519/484
dc.language.iso en en_US
dc.publisher Springer Science and Business Media Deutschland GmbH en_US
dc.relation Authors Affiliations : Ting, I.W.K., Faculty of Industrial Management, Universiti Malaysia Pahang, Pahang, Malaysia; Tebourbi, I., Faculty of Management, Canadian University Dubai, Dubai, United Arab Emirates; Lu, W.-M., Department of International Business Administration, Chinese Culture University, Taipei, Taiwan; Kweh, Q.L., Faculty of Management, Canadian University Dubai, Dubai, United Arab Emirates
dc.relation.ispartofseries Financial Innovation;Volume 7, Issue 1
dc.rights Creative Commons CC BY license
dc.rights.holder Copyright : © 2021, The Author(s).
dc.rights.uri https://creativecommons.org/licenses/by/4.0/
dc.subject Capital structure en_US
dc.subject Firm performance en_US
dc.subject Managerial ability en_US
dc.subject Mediation analysis en_US
dc.subject StoNED en_US
dc.subject Taiwan en_US
dc.title The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan en_US
dc.type Article en_US
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