Firm Management Competence: Does It Matter?
This study explores the influence of financial leverage and of management competence on firm performance using a sample of 102 listed firms in the Athens Stock Exchange. It is found that leverage contributes significantly to sales growth, stock returns, and profitability due to management competence.
Volume (Year): 7 (2008)
Issue (Month): 2 (August)
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- Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-29, May.
- Hossein Asgharian, 2003. "Are highly leveraged firms more sensitive to an economic downturn?," The European Journal of Finance, Taylor & Francis Journals, vol. 9(3), pages 219-241.
- Klevmarken, N. Anders, 1989. "Introduction," European Economic Review, Elsevier, vol. 33(2-3), pages 523-529, March.
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