Exploring the relationship between corporate governance and competitive firm performance: The role of dynamic managerial capabilities
Exploring the relationship between corporate governance and competitive firm performance: The role of dynamic managerial capabilities
Author(s): Jurgita Sekliuckiene, Julius UrbonaviciusSubject(s): Business Economy / Management, Accounting - Business Administration, Socio-Economic Research
Published by: Ekonomski fakultet Sveučilišta u Splitu
Keywords: corporate governance; competitive firm performance; dynamic managerial capabilities; mediation effect;
Summary/Abstract: This paper explores the relationship between corporate governance, dynamic managerial capabilities, and competitive firm performance. In particular, we examine the role of dynamic managerial capabilities in the relationship between corporate governance and competitive firm performance. Using a sample of 323 firms, we demonstrate that the relationship between corporate governance and competitive performance is mediated by dynamic managerial capabilities. The research results also show that corporate governance has a positive effect on competitive firm performance. Consequently, firms tend to invest in their employees to improve their individual skills related to dynamic managerial capabilities, with the aim of achieving better results in competitive firm performance. Furthermore, firms tend to have clearer organisational structures, with the board and the top management team playing a crucial role.
Journal: Management - Journal of Contemporary Management Issues
- Issue Year: 29/2024
- Issue No: 2
- Page Range: 71-84
- Page Count: 14
- Language: English