Agency, firm growth, and managerial turnover: A Chinese study

Fu, Kangkang; Kwok, Wing Chun; Wong, George

doi:10.1016/j.pacfin.2020.101401

Cited by 5 publications

(2 citation statements)

References 11 publications

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“…The dynamic capabilities enable corporate to cost-effectively create and update their The novelty of this research and study is based on figure 1 above, related to the role of adding managerial leadership based on dynamic capabilities to fill the gap in Agency theory in the form of an asymmetric condition in a complex and rapidly growing industry and can have reliable company competitiveness and has implications for large corporate profits (Bogers et al, 2019;K. Chang et al, 2016;Fu et al, 2020;Ross, n.d.).…”

Section: Source: Development By Authors 2023mentioning

confidence: 99%

The Role of Economic Efficiency and Business Strategy to Achieve Competitive Advantage

Hidayat Abdullah

2024

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An among company base on the organizational environments could lead conducts within an implementing economy of scale and the level of efficiency in identifying the number and variety of products and services that produce business can be profitable for the long term, to achieve competitive advantage in the industry. An asymmetric situation-based approach based on Agency Theory describes corporate business governance in which the company owner as a principal hires agent (company managers with various functional levels) to run the business of operating the organization in a complex industry. Meanwhile, analysis based on strategic choice theory pays attention; the relationship between managers of different functional levels and options, the constantly shifting market dynamics with the latest technological advances and innovations that continue to be made between business competitors, and the level of relationship between managers and the market are dynamic. For this reason, the author will develop a new concept of business strengthening that has the role of Economics, Efficiency, and Business Strategy to achieve Competitive Advantage in Companies in Industry in Indonesia with an approach based on Agency Theory and Strategic Choice Theory.

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Section: Source: Development By Authors 2023mentioning

confidence: 99%

The Role of Economic Efficiency and Business Strategy to Achieve Competitive Advantage

Hidayat Abdullah

2024

pijss

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“…M&A deals offer convenience to their gains, but firms are more likely to bear the policy burden. Second, the CEOs of state‐owned firms are usually appointed by the government and less constrained by the manager market and control market (Fu et al., 2020); thus, the M&A deals conducted by state‐owned firms are vulnerable to local intervention and government administrative approval. Third, in the process of M&A deals, economic performance is not fully considered.…”

Section: Main Empirical and Economic Mechanismsmentioning

confidence: 99%

Do Foreign Investors Monitor Managers in Merger and Acquisition? Evidence from China*

Xiao-fang

Yang

Cai

et al. 2022

Asia-Pac J of Fin Stud

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Using foreign investors' shareholding to proxy for foreign investors' monitoring effect in the Chinese stock market, we find that those acquirers exhibit higher announcement returns with higher shareholding, and this effect is stronger when acquirers are private firms. We provide price efficiency and corporate governance channels through which foreign investors play a monitoring role in mergers and acquisitions. Finally, foreign investors decrease the likelihood that managers will conduct mergers in the future and significantly improve long-run performance. Our study provides new insights into the real effects of foreign investors on acquisition performance and the economy.

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