陈漫：The dark side effects of CEO general managerial skills on corporate overinvestment.

我校经济管理学院陈漫老师在T2级别期刊——《Asia Pacific Journal of Management》上发表题为“The dark side effects of CEO general managerial skills on corporate overinvestment”。论文第一作者陈漫为经济管理学院特任教授。

Abstract /摘要：

Effective investment is recognized as a powerful determinantoffirms' growth and long-term advantages. However, despite long and extensive researchontheupper echelons,theroleoftop managers' work experiences incorporateinvestments remains unclear. With an investigationoftheeffectofCEOgeneralmanagerialskillsgained through lifetime work experiencesoncorporateoverinvestment,thecurrent study also tests boundary conditions at which this effect may be magnified or attenuated. An empirical analysisofChinese publicly listed firms reveals thatCEOgeneralmanagerialskillsincreasecorporateoverinvestment: Generalist CEOs (versus specialist CEOs) are more likely to promoteoverinvestment. Moreover, whereas board size and economic policy uncertainty attenuatetherelationship betweenCEOgeneralmanagerialskillsandcorporateoverinvestment, firm profitability magnifiestherelationship. By examiningthedarksideofthismanagerialcharacteristicofCEO, this study provides important implications for literature aboutcorporateinvestment and upper echelons.

Title/题目:

The dark side effects of CEO general managerial skills on corporate overinvestment

Authors/作者:

Chen, Man; Liu, Si; (Wang, Feng; (Guo, Rui

Keywords /关键词

CEO general managerial skills；Generalist CEO；Corporate overinvestment

DOI:10.1007/s10490-023-09910-8

全文链接：

https://link.springer.com/article/10.1007/s10490-023-09910-8.