Contemplating the Impact of the Moderators Agency Cost and Number of Supervisors on Corporate Sustainability Under the Aegis of a Cognitive CEO
Yükleniyor...
Dosyalar
Tarih
2020
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The social cognitive theory emphasizes the risk-taking behavior of an entrepreneur,
which leads him to make the right decisions. In this regard, this study formulates the
concept of the cognitive CEO through the DAE statistical technique. Specifically, CEO
attributes such as CEO age, CEO compensation, CEO tenure, goodwill, and the number
of CEO-attended meetings are used as inputs that influence the intangible assets, the
output. Chinese SMEs have been selected for empirical analysis for the years 2014–
2018. The empirical results reveal that having a cognitive CEO augmented corporate
sustainability, while agency cost and the number of supervisors strongly diminished
corporate sustainability. Meanwhile, high earnings per share and high total assets are
vehicles for maintaining the sustainable growth of firms. Additionally, it is indicated
that firms with a loan burden cannot maintain sustainable corporate growth. Lastly,
the execution of 2SLS and GMM instrumental regressions authenticate the veracity
Açıklama
Anahtar Kelimeler
Entrepreneurship psychology, Cognitive CEO, Agency cost, Agency cost, Supervisors, Corporate sustainability
Kaynak
rontiers in Psychology
WoS Q Değeri
Q2
Scopus Q Değeri
N/A
Cilt
Sayı
Künye
Sarfraz, M., Ozturk, I., Shah, S. G. M., & Maqbool, A. (2020). Contemplating the impact of the moderators agency cost and number of supervisors on corporate sustainability under the aegis of a cognitive CEO. Frontiers in Psychology, 11
