en pl
en pl

Central European Management Journal

Zobacz wydanie
Rok 10/2021 
Tom 29 
Numer 3

Managerial Entrenchment and Firm Performance: Evidence from Moroccan Listed Companies

Mohamed Bousetta
Sidi Mohamed Ben Abdellah University of FES

10/2021 29 (3) Central European Management Journal

DOI 10.7206/cemj.2658-0845.53

Abstrakt

Purpose: Grounded in agency and entrenchment theories, this study assumes that CEOs’ propensity to entrench themselves can affect firm performance. The purpose of this article is to investigate the relationship between dimensions and mechanisms through which managers entrench themselves and influence firm performance.
Design/methodology/approach: The article uses OLS regression to explain the assumed relationships between managerial entrenchment and firm performance. The study is based on a sample of 55 Moroccan listed companies over the period 2010–2015.
Findings: Taken together, the findings contribute to a better understanding of the effect of several entrenchment pathways on firm performance. These findings imply that managerial entrenchment is not necessarily detrimental, as suggested by some governance theories. On the contrary, it can have a beneficial effect on wealth creation.
Research limitations/implications: This study faces several limitations. The first appears in the sample size of its quantitative element. The second is related to the variables used to measure managerial entrenchment. The current research explores the effects of the most commonly used measures and some non-retained measures could be pertinent in verifying the assumed relationships.
Originality/value: This analysis is one of the few studies conducted in the African countries that scrutinize the impact of managers’ entrenchment determinants (ownership, duality, age, and tenure) on firm performance.

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Cytowanie zasobu

APA style

Bousetta, Mohamed (2021). Managerial Entrenchment and Firm Performance: Evidence from Moroccan Listed Companies. (2021). Managerial Entrenchment and Firm Performance: Evidence from Moroccan Listed Companies. Central European Management Journal, 29(3), 40–62. https://doi.org/10.7206/cemj.2658-0845.53 (Original work published 10/2021n.e.)

MLA style

Bousetta, Mohamed. „Managerial Entrenchment And Firm Performance: Evidence From Moroccan Listed Companies”. 10/2021n.e. Central European Management Journal, t. 29, nr 3, 2021, ss. 40–62.

Chicago style

Bousetta, Mohamed. „Managerial Entrenchment And Firm Performance: Evidence From Moroccan Listed Companies”. Central European Management Journal, Central European Management Journal, 29, nr 3 (2021): 40–62. doi:10.7206/cemj.2658-0845.53.