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Proceedings of the 4th International Conference on Education, Knowledge and Information Management, ICEKIM 2023, May 26–28, 2023, Nanjing, China

Research Article

Managerial Power and Investment Efficiency in a Social Network Perspective - An Empirical Study Based on Panel Data

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  • @INPROCEEDINGS{10.4108/eai.26-5-2023.2337262,
        author={Rui  Chai and Hua  Li},
        title={Managerial Power and Investment Efficiency in a Social Network Perspective - An Empirical Study Based on Panel Data},
        proceedings={Proceedings of the 4th International Conference on Education, Knowledge and Information Management, ICEKIM 2023, May 26--28, 2023, Nanjing, China},
        publisher={EAI},
        proceedings_a={ICEKIM},
        year={2023},
        month={9},
        keywords={social networks; managerial power; investment efficiency; board interlock metrology models},
        doi={10.4108/eai.26-5-2023.2337262}
    }
    
  • Rui Chai
    Hua Li
    Year: 2023
    Managerial Power and Investment Efficiency in a Social Network Perspective - An Empirical Study Based on Panel Data
    ICEKIM
    EAI
    DOI: 10.4108/eai.26-5-2023.2337262
Rui Chai1, Hua Li1,*
  • 1: University of Science and Technology Liaoning
*Contact email: lh1@ustl.edu.cn

Abstract

Through the analysis of panel data of Chinese A-share listed companies from 2016-2021 by Stata software, we examine the impact of managerial power on in-vestment efficiency. Based on the perspective of social network relations, we construct the board network centrality by Ucinet software to examine the moderating effect of board interlock on the relationship between managerial power and investment efficiency. The results show that there is positive correlation between managerial power and inefficient investments, and board interlock eases this relationship.

Keywords
social networks; managerial power; investment efficiency; board interlock metrology models
Published
2023-09-13
Publisher
EAI
http://dx.doi.org/10.4108/eai.26-5-2023.2337262
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