TMT Heterogeneity and Firm Performance: The Moderating Effect of Managerial Discretion

Now the top management team and managerial discretion play an important role in driving the firms’development.This paper built a theoretical model to explore the effect of top management team heterogeneity on firm performance,and analyze the moderating role of managerial discretion.Based on the data of 167 listed firms from Shanghai Stock Exchange in 2019,this paper constructs a multiple regression model and tested the hypothesis.The empirical results show that gender heterogeneity,tenure heterogeneity and education level heterogeneity have a negative effect on firms performance.At the same time managerial discretion can partially moderates the relationship between the heterogeneity of top management team and firm performance,in which capital intensity and the firm size play a negative moderating role,and duality play a positive moderating role.According to the research results,this paper also puts forward corresponding suggestions to improve the firm performance.

The effects of managerial ability on firm performance and the mediating role of capital structure:evidence from Taiwan

This study utilizes mediation analysis and bootstrapping to analyze the mediating effect of capital structure on the association between managerial ability and firm performance.The dataset consists of 6384 firm-year observations from the Taiwan Residents electronics industry during 2005–2018.Our results indicate that(1)low(high)levels of debt are likely observed in firms with CEOs with high(low)ability,(2)managerial ability positively affects firm performance,and(3)capital structure mediates the positive relationship between managerial ability and firm performance.Overall,the findings may have limited generalizability due to the specific sample characteristics and provide convincing support for the importance of capital structure as a mediator in the managerial ability-firm performance nexus.Specifically,this study highlights the need for examining the effect of managerial ability on firm performance through a mediator.

Managers in making The Zen management way

In the 21st century every manager in making requires a unique balance in personal, professional, family and social life so that he/she can enjoy and motivate himself to make others happy around him or her. The ego plays a major role in our life. Practicing Zen in management takes the manager to a level of egolessness. Zen finds its source in the experience of Shakyamuni Buddha, who in the process of enlightenment came across the elements of mindfulness and concentration--The noble eightfold path. These are key elements of success for the ＂managers in making＂. The purpose of this paper consists in rethinking today＇s management systems in order to look for ways of management which are better adapted to human life. It is assumed that a management practice which takes into consideration of the characteristics of human life must be accepted by a large number of people and would be effective and sustainable. This paper highlights the eight elements of＂The noble eightfold path＂ and its effective implications in management for the ＂managers in making＂ process--A guide towards success.

Manager’s Characteristics, Debt Financing and Firm Value

Based on the behavioral finance theory and the upper echelons theory, this paper employs the data of China's A-share listed companies from 2008 to 2013 as research samples, and empirically tests the effects of managers with different characteristics on debt financing and firm value for enterprises of different ownership nature. Results of this study indicate that the debt financing of the listed companies in China can reduce the agency cost with a positive governance effect that promotes firm value. Male, better educated, short-tenured, and financially experienced managers are more likely to be overconfident and prefer debt financing. Specifically, the manager's age, level of education, and work experience can significantly promote the effect of debt financing on firm value. Compared with SOEs, private enterprises can improve their firm value more significantly through debt financing;the education and work experience of the managers of private enterprises are more positively correlated with debt financing and can more significantly improve firm value through debt financing. This paper's findings suggest that the manager's characteristics and firm ownership nature must be taken into account to reach valid conclusions on the governance effects of debt financing on firm value. Meanwhile, these conclusions help unravel the mechanism and economic implications of debt financing, and contribute to the improvement of the capital structure decisions and human resources management practices of China's listed companies. This study not only enriches the literature and empirical evidence on the correlation between managers' characteristics and firm financing, but indicate that managers' characteristics and firm ownership are important considerations for investigating the governance effects of debt financing on firm value and have a vital impact on the formulation and implementation of firm financing decisions.

A Study on the Feasibility of Total Quality Management Model and the Awareness and Attitude of the Managers of Health Care

Total Quality Management is not just an admirable phenomenon but it is any client’s right and can be done through contribution of the staff and the managers as well as the client’s of an organization. The purpose of the present study is to investigate the feasibility of TQM model and the attitude of the managers of health field of Yazd medical sciences university towards it. The present study was a descriptive and analytical one which was cross-section ally conducted from 2010 to 2011. The population under study consisted of the managers of the unit of staff vice-chancellor for health and treatment, the managers of health system and centers of cities and also the managers of Yazd’s public hospitals. 64 people were chosen using the formula for calculating the number of samples. A questionnaire with 48 questions was used. The questionnaire’s validity was approved by the faculty members whose major is management and its reliability by using α-cronbach 87%. To analyze the data, the software SPSS V.17 was used. Scoring method was based on likert. The findings of the study show that, considering feasibility of TQM, there is a significant relation between the awareness and attitude of the managers of health and treatment field on one side and the variables, age and University degree, on the other side p = 0.001. Considering binary logistic regression and the results obtained in the form of inter and backward stepwise, the most important factors affecting the feasibility of TQM among the managers of health and treatment field are the level of awareness and attitude with the predicted accuracy 79.3% and 87.9% respectively.

Evaluation of International Standards of Management of Communication and Information Technology (MCIT) in Khorasan Razavi Hospitals from the Perspective of Managers

The general goal of the management of communication and information technology (MCIT) in the health sector, is to accelerate collecting, achieving and supporting the health system processes, and effective decision-making for managing this system;because preparing and providing health care services for society is very complex, and highly dependent on the information system. The aim of this investigation is to determine the mean scores of the possibility of implementing the MCIT standards in Khorasan Razavi hospitals, from the perspective of managers. This was a cross sectional descriptive-analytic study conducted in two steps in all hospitals. In the first step, the applicability of the standards in hospitals was studied. In the second step, the current status of hospitals was compared with international standards MCIT. In order to determine the validity of the questionnaires, opinions of professors and experts were acquired. Regarding the reliability, the SPSS V. 12 calculated the value of Cronbach’s to be 0.95 for the first questionnaire and 0.86 for the second questionnaire. Data were analyzed using statistic tests of one way ANOVA and t-test. The level of significance was fixed at 0.5. In the 16 hospitals studied, the mean and standard deviation of MCIT were (57.25 ± 13.74). The MCIT standards are applicable in hospitals of Khorasan Razavi according to half (49.4%) of managers;nonetheless, their application requires greater efforts by the hospitals.

The impact of organizational resources and managerial interpretation on willingness to participate in carbon market

On the basis of resource-based view and managerial cognition,this research aims to explore which and how organizational resources facilitate organizational willingness to participate in carbon market(WTP-CM).In particular,it classifies resources into two dimensions,general resources(GR)and professional resources(PR),and investigates how these two types of resources interact with managerial interpretation and then influence organizational WTP-CM using a sample of 222 Chinese industrial firms.The findings show that environmental talents(PR)and low-carbon technologies(PR)have positive influences on organizational WTP-CM not only directly,but also indirectly through accelerating managers to interpret carbon trading as an opportunity,rather than a threat.On the contrary,only via managerial interpretation can capital reserve(GR)and environmental practices(PR)affect organizational WTP_CM positively.Furthermore,the impact of environmental practices on managerial interpretation does not depend on the performance of environmental practices(i.e.,success or failure).It means,regardless of environmental performance,the cumulation of environmental experience would promote managers to interpret carbon market as an opportunity and then advance their WTP-CM.Last,this partial mediating role of managerial interpretation between organizational resources and WTP-CM varies depending on organizational social position.Compared to centralfirms,peripheralfirms tend to be more responsive to managerial interpretation.The chain from organizational resources,to interpretation of carbon market as an opportunity,andfinally to the willingness to participate is stronger for peripheralfirms than for central ones.

Research on the Leadership of School Managers under Collectivization

In order to realize the high-quality and balanced development of the obligation education,school of collectivization has become an important measure.It promotes the fairness of education by expanding the coverage of high-quality education resources and sharing experience of education management.Its essence is the process of combining multiple individual schools in the region to form an organic organization of education group.In this process,school managers are faced with many problems such as remote management,increased difficulty in management,and increased cost of management.How to improve their leadership under collectivization has become a key issue of research.This study takes Jing'an District of Shanghai as an example,pays attention to the leadership of school managers under collectivization,in order to provide targeted suggestions for improving the leadership of school managers.This study analyzes the concept of school management leadership,and investigates the performance of three education groups and eight school managers in the aspects of structural leadership,teaching leadership,curriculum leadership and cultural value leadership.The study finds that school managers think that the main challenge after collectivization is the increase of management difficulty,followed by the expansion of school scale,insufficient policy support and insufficient resource allocation.In a word,these problems greatly affect the leadership level of school managers under collectivization.It thinks that school managers should optimize the organizational structure,build a modern school system,improve the professional level,promote the common development of teachers,build school culture and create a good organizational atmosphere to continuously improve their leadership.

The exploration of middle managers＇ performance evaluation indicators

The core role of middle managers in the enterprises, plays an important role in the whole enterprise. Yet all round the teacher talked about a lot of companies, including layer of managers＇ performance status is not as good as executives expected. This paper mainly studies the present enterprise, the real role of middle managers, and their performance status, and middle managers in the performance of the existing problems and the analysis of the present situation of the listed in the reason, and put forward relevant countermeasures according to the actual situation. The results show that the middle managers performance evaluation become a mere formality, most managers see performance appraisal as a burden and form; Middle managers set of assessment index and the use of problems; The right job analysis is the key to design middle managers performance evaluation indicators; In the proper selection of performance indicators is significant for middle managers to improve performance; Performance indicators weights allocation to improve the teaching quality of middle managers performance influence; Design middle tube is the main body of performance appraisal index of middle performance increase.

The Influence of Interactive Control on Subsidiary Performance: A Mediating Role of Subsidiary Managers’ Strategic Behavior

Under the principal-agent relationship, there are two major factors that directly affect subsidiary strategy’s implementation and performance—enterprise groups’ internal interactive control and subsidiary managers’ strategic behavior. Prior research showed that the parent companies hope their subsidiary managers to be obedient and active, i.e. to keep a high degree of strategic identity and subsidiary initiative. We build and analyze a model to test the mediating role of strategic identity and subsidiary initiative based on data collected from Chinese groups. The results show that interactive control, strategic identity and subsidiary initiative all could improve subsidiary performance, furthermore, subsidiary initiative is a mediator between decision-making decentralization and subsidiary performance, and also a mediator between horizontal communication and subsidiary performance, the mediating role of strategic identity is not tested, but vertical communication can improve strategic identity. In the conclusions, we provide guidance on how parent companies to choose excellent subsidiary managers, and then how to develop a suite interactive control system.

Managers'Digital Literacy and Corporate Green Technology Innovation

This paper incorporates individual digital literacy into corporate management practice to explore the relationship between managers'digital literacy and the performance of corporate green technology innovation.The results show that managers'digital literacy can contribute to corporate green technology innovation.Specifically,a greater degree of digital literacy among the top management team is associated with better performance in corporate green technology innovation.Even if the management does not have an educational background in core digital technologies,their work experience related to core digital technologies such as computers and information technology can help promote corporate green technology innovation in the later stage.There is the heterogeneity in the managers'digital literacy role in promoting corporate green technology innovation,which is more significant in the sample of regions with low levels of the digital economy development,sufficient media attention,and non-heavily polluting enterprises.Digital transformation plays a mediating role between managers'digital literacy and corporate green technology innovation.Through further research,we find that the improvement of managers'digital literacy can contribute to the enhancement of corporate value in the future.The conclusions enrich the research horizon of upper echelons theory,explore the value and differentiated effect of digital human capital in the new era,and provide empirical evidence at the micro level that digital technologies promote the green and sustainable development of the economy.

Evaluation of the Effectiveness of the Competency Model for Nursing Managers in the Training of Newly Appointed Head Nurses

Objective:To explore the effectiveness of the competency model for nursing managers in the training of newly appointed head nurses.Methods:Eighteen newly appointed head nurses from Yichang Central People’s Hospital,selected between August 2023 and July 2024,were chosen as the research subjects.Based on the nursing manager competency model,corresponding training programs were developed,and these 18 head nurses were trained accordingly.Results:After the training,all newly appointed head nurses passed the theoretical assessments,with a pass rate of 100.00%.The pass rates for two rounds of assessment were 100.00%and 94.54%,respectively.There was no significant difference in the performance evaluation scores between new and senior head nurses in terms of standardized services,nursing quality,nursing research and teaching,and patient satisfaction(P>0.05).Conclusion:The competency model for nursing managers has a significant effect on the training of newly appointed head nurses.It effectively enhances management awareness,facilitates role transition,and,to some extent,improves the management and leadership capabilities of head nurses.It holds high value for broader implementation.

Managerial perspectives of scaling up robotic-assisted surgery in healthcare systems:A systematic literature review

Objectives Robotic-assisted surgery(RAS)is a minimally invasive technique practiced in multiple specialties.Standard training is essential for the acquisition of RAS skills.The cost of RAS is considered to be high,which makes it a burden for institutes and unaffordable for patients.This systematic literature review(SLR)focused on the various RAS training methods applied in different surgical specialties,as well as the cost elements of RAS,and was to summarize the opportunities and challenges associated with scaling up RAS.Methods An SLR was carried out based on the Preferred Reporting Items for Systematic reviews and Meta-Analyses reporting guidelines.The PubMed,EBSCO,and Scopus databases were searched for reports from January 2018 through January 2024.Full-text reviews and research articles in the English language from Asia-Pacific countries were included.Articles that outlined training and costs associated with RAS were chosen.Results The most common training system is the da Vinci system.The simulation technique,which includes dry-lab,wet-lab,and virtual reality training,was found to be a common and important practice.The cost of RAS encompasses the installation and maintenance costs of the robotic system,the operation theatre rent,personnel cost,surgical instrument and material cost,and other miscellaneous charges.The synthesis of SLR revealed the challenges and opportunities regarding RAS training and cost.Conclusions The results of this SLR will help stakeholders such as decision-makers,influencers,and end users of RAS to understand the significance of training and cost in scaling up RAS from a managerial perspective.For any healthcare innovation to reach a vast population,cost-effectiveness and standard training are crucial.

Manager Mobility and Private Equity Syndications from the Perspective of Coupling Networks:Evidence from China’s Private Equity Industry

This study explores whether manager mobility can influence syndications between private equity(PE)firms by constructing coupling network models.Using data from China’s private equity market from 1993 to 2017,we found that driving forces,resistant forces,and network structure play significant roles in determining resource flows between PE firms.Specifically,driving forces indicate that managers moving from domestic and foreign PE firms to state-owned PE firms are more likely to induce syndications.Furthermore,if the manager is promoted when changing jobs,mobility is likely to enhance the flow of resources.Resistant forces indicate that increased geographical distance reduces syndications.As for the influence of structure,if managers leave PE firms with higher status,they are more likely to induce syndications.This study contributes to the coupling network literature by providing a clarified three-factor framework.By exploring the characteristic of managers in state-owned private equity firms,we specified the syndication theory in China.This study can help private equity firms hire valuable managers and expand syndication networks in practice.

Green managerial practices and green performance:A serial mediation model

This study examines the influence of green supply chain management(GSCM)practices and green culture on green performance in the manufacturing sector through the mediating effect of proactive environmental strategy(PES)and green product innovation(GPI).A quantitative approach was followed,and partial least squares structural equation modeling(PLS-SEM)was used for hypothesis testing.A questionnaire was used to collect data,and 663 questionnaires were included in the final analysis.Contrary to our expectations,the results showed that GscM practices do not influence green performance,whereas green culture is positively related to green performance.The results show that PES and GPI explain the relationship between GSCM practices,green culture,and green performance.PES and GPI sequentially mediated GSCM practices,green culture,and green performance.Moreover,PES and GPI significantly improved green performance.This study aims to extend the scholarly appreciation of GscM practices and the impact of green culture on green performance by examining the mediating effects of PES and GPI on these relationships.The implications and future research avenues are also discussed.

The effect of top managers'years of experience on innovation

Managers'characteristics have been identified to have an influence on how they perceive innovation.This study examines the role of top managers'experience and how it influences their propensity to innovate.It employs a logit model to analyze data from the World Bank's Enterprise Surveys,primarily from small-and medium-sized enterprises in Russia.We justify the positive effect of managers'years of experience as an influential factor of enterprises'innovativeness in developing countries.The results show that top managers'years of experience directly affect innovation.

全科医学和初级保健横断面研究的基本设计和实施步骤

横断面研究是经典的研究设计方法之一,在临床各个专业中均有广泛的应用。在全科医学研究中大量科学问题的解答采用了横断面研究设计。这其中不仅包括了对人群健康特征,疾病特征或卫生服务现状的调查研究,还包括了面向社区人群的疾病筛查诊断方法构建等多种研究场景。在全科医学领域中,横断面研究可以做现况描述和比较分析,关联因素分析以及社区筛查诊断方法探索。开展横断面研究应包括研究设计和研究实施两个阶段,研究设计包括准确提炼研究目标,明确研究人群,研究因素及结局指标等临床要素以及确定样本获取方式,明确样本量的确定依据及合理的统计分析策略等方法学要素。研究实施,则需要通过完备的研究方案和病例报告表呈现研究设计思路,在伦理批准的前提下开展数据收集工作,同时注重数据管理工作质量并严格执行方案中的统计分析方法,求证医学问题。横断面研究的特点是相比于随访观察研究所需要的研究周期相对较短,不同基础的研究团队都能找到适合的研究方向,通过了解健康医疗现状,从探讨关联因素创建筛查方法等角度,服务社区医疗。

数字平台企业对包容性创业活动的影响——基于共生关系视角的案例研究

选取数字平台上的包容性创业者为研究对象,从共生视角来揭示数字平台企业与包容性创业活动的内在关系。利用案例研究方法,发现抖音等新型的数字平台能够更好地支持包容性创业活动;数字平台通过优化创业机会、资源等创业要素支持包容性创业,而包容性创业者也会通过提供数据和持续输出内容来影响数字平台。研究还发现,数字平台与包容性创业者间建立的稳定的共生关系是二者相互支持的重要基础。

绿色债券与其他金融市场间的风险溢出研究——基于TVP-VAR频域溢出模型

基于TVP-VAR频域溢出模型的风险溢出结果表明:绿色债券与其他金融市场之间的总溢出主要由短期溢出驱动;在不同的时间尺度,绿色债券和传统债券市场间存在显著的双向溢出效应,绿色债券市场与股票市场、能源市场、新能源市场、外汇市场之间的风险溢出均不显著;在重大事件冲击下,绿色债券市场与股票市场、能源市场、新能源市场间的风险溢出显著增加。

数字技术如何助力供应链碳减排——基于国网浙江电力的案例研究

全球气候变暖问题加剧,数字技术被认为是数字经济时代推动经济社会碳减排的关键抓手。本文从数字网络赋能的商业创新循环(N EBIC)理论视角出发,以国网浙江电力为研究对象,探究了数字技术助推供应链碳减排的过程机制及数字技术发挥的独特作用。研究发现,数字技术通过协助识别供应链数字化运营网络、动员数字化关系网络、聚合数字化知识网络和促成数字化价值网络这四个环节来助推供应链碳减排。本文提炼了数字技术推动供应链碳减排机制的理论模型,洞察了数字技术在推进供应链碳减排过程中所发挥的反映赋能和能动使能的独特双重作用,明晰了数字技术对供应链多方关系形态重构的影响,以及对供应链碳减排知识外溢和信用外溢的关键作用。本文深化了碳中和愿景下数字技术对供应链碳减排的作用机制的探索。