Haj Youssef, MS and Teng, D (2018) Reaffirming the importance of managerial discretion in corporate governance: a comment on Andersen (2017). Corporate Governance, 19 (2). ISSN 1472-0701
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Abstract
Purpose: The purpose of this study is to refute the work of Andersen (2017) by suggesting a different theoretical view and to argue that the concept of managerial discretion is one of the core dimensions that cannot be discarded when studying corporate governance. Design/methodology/approach: This paper uses theoretical frameworks from recent literature, definitions and empirical studies on the concept of managerial discretion and corporate governance. Findings: Several studies have empirically tested and measured the concept of managerial discretion, some have provided validity and reliability of the concept and others have showed the direct impact of discretion on firm performance. Practical implications: Research on managerial discretion provides owners and board of directors a clear advice on how much discretion can be granted to top executives by taking into consideration the different dimensions of the external and internal environment. Originality/value: This paper concludes that corporate governance research will not improve if it abandons the concept of managerial discretion.
Item Type: | Article |
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Additional Information: | Haj Youssef, M.S. and Teng, D. (2019), "Reaffirming the importance of managerial discretion in corporate governance: a comment on Andersen (2017)", Corporate Governance, Vol. 19 No. 2, pp. 240-254. https://doi.org/10.1108/CG-05-2018-0172 |
Uncontrolled Keywords: | 1501 Accounting, Auditing and Accountability, 1502 Banking, Finance and Investment, 1503 Business and Management |
Subjects: | H Social Sciences > HF Commerce > HF5001 Business H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance |
Divisions: | Business & Management (from Sep 19) |
Publisher: | Emerald |
Date Deposited: | 08 Dec 2021 11:57 |
Last Modified: | 08 Dec 2021 12:00 |
DOI or ID number: | 10.1108/CG-05-2018-0172 |
URI: | https://researchonline.ljmu.ac.uk/id/eprint/15872 |
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