管理者能力是价值创造的源泉,因此对管理者能力问题的研究一直是管理学关注的重要议题。但有关该主题的研究成果还相当有限,国内的研究也才刚刚起步。本文从管理者能力的基本内涵、度量方式、经济后果三个方面对现有的相关文献进行了系统梳理,并探讨了未来的研究方向,以期厘清该领域的发展脉络和趋势,从而为后续研究提供借鉴和启示。
国外管理者能力研究述评与展望
摘要
参考文献
1 Bailey E E, Helfat C E. External management succession, human capital, and firm performance: An integrative analysis[J]. Managerial and Decision Economics, 2003, 24(4): 347–369. DOI:10.1002/(ISSN)1099-1468
2 Barr R S, Siems T F. Bank failure prediction using DEA to measure management quality[A]. Barr R S, Helgason R V, Kennington J L. Interfaces in computer science and operations research: Advances in metaheuristics, optimization, and stochastic modeling technologies[C]. Boston, MA: Springer, 1997: 341–366.
3 Bebchuk L, Fried J M. Pay without performance: The unfulfilled promise of executive compensation[M]. Boston, MA: Harvard University Press, 2004.
4 Berk J B, Stanton R, Zechner J. Managerial ability and capital structure[R]. Working Paper, Haas School of Business, 2005.
5 Bertrand M, Schoar A. Managing with style: The effect of managers on firm policies[J]. The Quarterly Journal of Economics, 2003, 118(4): 1169–1208. DOI:10.1162/003355303322552775
6 Bonsall IV S B, Holzman E, Miller B. Managerial ability and credit risk assessment[J]. Management Science, 2017, 63(5): 1425–1449. DOI:10.1287/mnsc.2015.2403
7 Chang Y Y, Dasgupta S, Hilary G. CEO ability, pay, and firm performance[J]. Management Science, 2010, 56(10): 1633–1652. DOI:10.1287/mnsc.1100.1205
8 Chemmanur T J, Paeglis I. Management quality, certification, and initial public offerings[J]. Journal of Financial Economics, 2005, 76(2): 331–368. DOI:10.1016/j.jfineco.2004.10.001
9 Chemmanur T J, Paeglis I, Simonyan K. Management quality and equity issue characteristics: A comparison of SEOs and IPOs[J]. Financial Management, 2010, 39(4): 1601–1642. DOI:10.1111/fima.2010.39.issue-4
10 Delis M, Tsionas E G. Measuring managerial ability: Getting close to the holy grail[R]. Working Paper, Montpellier Business School, 2017.
11 Demerjian P, Lev B, McVay S. Quantifying managerial ability: A new measure and validity tests[J]. Management Science, 2012, 58(7): 1229–1248. DOI:10.1287/mnsc.1110.1487
12 Demerjian P, Lev B, Lewis M, et al. Managerial ability and earnings quality[J]. The Accounting Review, 2013, 88(2): 463–498. DOI:10.2308/accr-50318
13 Demerjian P, Lewiswestern M, McVay S. Earnings smoothing: For good or evil?[J]. Journal of Accounting, Auditing & Finance, 2018, forthcoming.
14 Dyreng S D, Hanlon M, Maydew E L. The effects of executives on corporate tax avoidance[J]. The Accounting Review, 2010, 85(4): 1163–1189. DOI:10.2308/accr.2010.85.4.1163
15 Fee C E, Hadlock C J. Raids, rewards, and reputations in the market for managerial talent[J]. The Review of Financial Studies, 2003, 16(4): 1315–1357. DOI:10.1093/rfs/hhg031
16 Hayes R, Schaefer S. How much are differences in managerial ability worth?[J]. Journal of Accounting and Economics, 1999, 27(2): 125–148. DOI:10.1016/S0165-4101(99)00007-5
17 Hermalin B E, Weisbach M S. Assessing managerial ability: Implications for corporate governance[J]. The Handbook of the Economics of Corporate Governance, 2017, doi: 10.1016/bs.hecg.2017.11.001. DOI:10.1016/bs.hecg.2017.11.001
18 Holcomb T R, Holmes Jr R M, Connelly B L. Making the most of what you have: Managerial ability as a source of resource value creation[J]. Strategic Management Journal, 2009, 30(5): 457–485. DOI:10.1002/smj.v30:5
19 Horn J L, Cattell R B. Refinement and test of the theory of fluid and crystallized general intelligence[J]. Journal of Educational Psychology, 1966, 57(5): 253–270. DOI:10.1037/h0023816
21 Leverty J T, Grace M F. Dupes or incompetents? An examination of management’s impact on firm distress[J]. Journal of Risk and Insurance, 2012, 79(3): 751–783. DOI:10.1111/jori.2012.79.issue-3
23 Milbourn T T. CEO reputation and stock-based compensation[J]. Journal of Financial Economics, 2003, 68(2): 233–262. DOI:10.1016/S0304-405X(03)00066-7
24 Morellec E. Can managerial discretion explain observed leverage ratios?[J]. The Review of Financial Studies, 2004, 17(1): 257–294. DOI:10.1093/rfs/hhg036
25 Murthi B P S, Srinivasan K, Kalyanaram G. Controlling for observed and unobserved managerial skills in determining first-mover market share advantage[J]. Journal of Marketing Research, 1996, 33(3): 329–336. DOI:10.2307/3152129
27 Policy R. Understanding Moody’s corporate bond ratings and rating process[R].Working Paper, Moody’s Investors Service, 2002.
28 Sirmon D G, Hitt M A, Ireland R D. Managing firm resources in dynamic environments to create value: Looking inside the black box[J]. The Academy of Management Review, 2007, 32(1): 273–292. DOI:10.5465/amr.2007.23466005
29 Subramanian A. Managerial flexibility, agency costs, and optimal capital structure[R]. Working Paper, Georgia Institute of Technology, 2002.
引用本文
陈雪芩, 郑宝红. 国外管理者能力研究述评与展望[J]. 外国经济与管理, 2018, 40(7): 155-166.
导出参考文献,格式为: