The effects of top management team strategic cognition on corporate financial health and value: an interactive multi-dimensional approach

Competence and enterprise of management as drivers of early foreign listing of medium-sized emerging market multinationals (EMNEs) from Africa

“…This finding is consistent with previous empirical studies that argue that context-specific micro-foundational factors such as managerial experience and dynamic competencies are critical drivers of early internationalisation (Helfat & Martin, 2015;Jafari-Sadeghi et al, 2021). Indeed, our result is consistent with resource-based theory and the globalisation paradigm that imply that competent managers are not only competitive in the domestic market but also have the experience and capabilities to sense and seize opportunities in the international market at the earliest opportunity (Haapanen et al, 2020;Attah-Boakye et al, 2021).…”

“…Our result concurs with the upper echelon theory and the Penrosian resource-based view premising that executives' knowledge, experience, values, and personalities significantly influence their strategic orientations and firm value (Hambrick, 2007). Thus, managerial competencies and experience influence managerial judgement, discretion and decision making which significantly moderate their strategic choices and firm value (Hambrick, 2007;Attah-Boakye et al, 2021).…”

“…Further, previous studies such as Nadeem et al (2017), which used the dynamic ordinary least squares technique to examine the effects of intellectual capital efficiency and managerial assets turnover in less developed economies, argue that the idiosyncratic knowledge assets of managers have significant positive linkages to managers' abilities to translate firms' assets into sales revenue. While these two studies (Nadeem et al, 2017;Attah-Boakye et al, 2021) tie in with our findings, they did not focus on medium-sized African firms. Similarly, they used the structural equation model and dynamic OLS respectively in their estimations.…”

“…Other studies argue that managerial innovativeness and experimentation, knowledge transfusion and access to superior transnational networks opportunities that can yield a higher return on assets are critical antecedents for early internationalisation (see Schumpeter 1949;Birkinshaw, 1999;2000;Rugman & Verbeke, 2001;Verbeke & Yuan, 2007). Supporting these arguments, the Penrosian managerial/ entrepreneurial resource base paradigm posits that competent and efficient managers have unique capabilities in identifying earlier strategic opportunities in the global market (Helfat & Martin, 2015;Adomako et al, 2016;Amankwah-Amoah & Adomako, 2021;Attah-Boakye et al, 2021).…”

The Impact of CEO Educational Background on Corporate Risk-Taking in China

“…Researchers can apply different methods to evaluate a CEO's educational background. Attah-Boakye et al (2021) use two variables to assess education level: academic and professional qualifications. In their study, education is regarded as a proxy for cognition, as education impacts cognitive biases.…”