Earnings pressure and innovation: The effects of CEO power and competitive intensity

SUMMARY Section 408 requires the Securities and Exchange Commission (SEC) to review the filings of all SEC registrants every three years. Our study investigates this SEC monitoring role and differs from past SEC research by focusing on the SEC Division of Corporation Finance (DCF) rather than the Division of Enforcement and specifically on DCF's “review and comment” monitoring role. We rely on past theoretical research in management, finance, and accounting that provides us with arguments suggesting the DCF may target companies with strong CEOs and weak monitoring. Our findings cast light on the power struggle between the board and CEO by suggesting that the CEO's influence over the board may adversely affect board oversight. In addition, our results indicate that the DCF-prompted restatements lead companies to re-evaluate their governance structure.

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Conceptualizing the Moderating Role of CEO Power and Ownership Concentration in the Relationship between Audit Committee and Firm Performance: Empirical Evidence from Pakistan

Sustainability ◽

10.3390/su13116329 ◽

2021 ◽

Vol 13 (11) ◽

pp. 6329

Author(s):

Sohail Ahmad Javeed ◽

Tze San Ong ◽

Rashid Latief ◽

Haslinah Muhamad ◽

Wei Ni Soh

Keyword(s):

Firm Performance ◽

Audit Committee ◽

Developing Economies ◽

Generalized Method Of Moments ◽

Positive Association ◽

Least Square ◽

Ownership Concentration ◽

Fe Model ◽

Ceo Power ◽

Moderating Factors

Firms in developing economies generally find ways to enhance their reputation and growth in the international market. In this context, an Audit Committee (AC) is composed of multiple skilled members that control and monitor auditing activities and present a transparent image of their firm, which automatically attracts investors and builds investor confidence. Therefore, this study used CEO power and ownership concentration as moderating factors to examine the connection between AC and firm performance. For this purpose, this study used the data of Pakistani manufacturing firms for the period 2008 to 2018 and applied the Ordinary Least Square (OLS) method, the Fixed Effect (FE) model, and the Generalized Method of Moments (GMM). To check the robustness of the results, this study used a Feasible Generalized Least Square (FGLS) model. The findings of this study contended that AC and firm performance have a positive association with each other. Moreover, the findings revealed that CEO power positively influenced firm performance. Furthermore, lower ownership concentration is a valuable approach to maximize a firm’s performance. Importantly, the outcomes concluded that AC and firm performance have a positive connection with the moderating effects of CEO power. Moreover, AC and firm performance also have a positive association with the moderating effect of ownership concentration.

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The Influence of Dynamic and Adaptive Marketing Capabilities on the Performance of Portuguese SMEs in the B2B International Market

Sustainability ◽

10.3390/su13020579 ◽

2021 ◽

Vol 13 (2) ◽

pp. 579

Author(s):

Caroline Reimann ◽

Fernando Carvalho ◽

Marcelo Duarte

Keyword(s):

Positive Impact ◽

International Marketing ◽

International Market ◽

Marketing Capabilities ◽

Moderating Effects ◽

Competitive Intensity ◽

Positive Effects ◽

Marketing Performance ◽

Market Learning ◽

Positive Effect

The present investigation aims study the sustainability of the business model of the Portuguese SMEs operating in the B2B International market analyzing the influence of dynamic marketing capabilities and adaptive marketing capabilities in their international marketing performance. It will also analyze the moderating effects of Competitive Intensity within this international scenario. A quantitative study was developed, using a questionnaire as a research method. In total, 335 valid responses were collected from Portuguese SMEs in June 2020. To test the hypotheses, multiple hierarchical regressions were performed. As for the analyzes involving Competitive Intensity environments, namely low and high intensity, dummies were developed to evaluate the different effects produced by the capacities in the International Marketing Performance. This study shows the positive impact of the dynamic marketing capabilities and adaptive marketing capabilities on the international marketing performance of the surveyed companies, essentially from the product development management, supply chain management, vigilant market learning and open marketing. when in a low competitive intensity environment only dynamic marketing capabilities had a positive effect on performance, but in a high, competitive, intensity environment both dynamic marketing capabilities and adaptive marketing capabilities showed positive effects in relation to performance. This study innovates by bringing international marketing, through two marketing capacities, from the perspective of SMEs that perform B2B activities.

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The impact of CEO power and institutional discretion on CSR investment

Review of Financial Economics ◽

10.1002/rfe.1131 ◽

2021 ◽

Author(s):

Wolfgang Breuer ◽

Manuel Hass ◽

David Johannes Rosenbach

Keyword(s):

Ceo Power ◽

The Impact

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Revisiting the Mediating Effect between Market Orientation and New Product Innovation Performance: Competitive Intensity and Sensemaking as Moderator

2020 International Conference on Big Data Economy and Information Management (BDEIM) ◽

10.1109/bdeim52318.2020.00053 ◽

2020 ◽

Author(s):

Qu Yan

Keyword(s):

Market Orientation ◽

Product Innovation ◽

New Product ◽

Innovation Performance ◽

Mediating Effect ◽

Competitive Intensity ◽

New Product Innovation

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A Central Element of Europe’s Football Ecosystem: Competitive Intensity in the “Big Five”

Sustainability ◽

10.3390/su13063097 ◽

2021 ◽

Vol 13 (6) ◽

pp. 3097

Author(s):

Fabio Wagner ◽

Holger Preuss ◽

Thomas Könecke

Keyword(s):

Big Five ◽

Central Element ◽

Quantitative Approach ◽

Competitive Intensity ◽

Entrepreneurial Ecosystems ◽

Long Run ◽

The Future ◽

European Football ◽

Over Time

This study perceives professional European football as one of the most relevant event-related entrepreneurial ecosystems (EEs) worldwide. It also identifies a healthy sporting competition in the five most popular European football leagues (Spain, England, Germany, Italy, and France), the “big five,” as a key pillar for the functioning of this ecosystem. By applying a quantitative approach, competitive intensity (CI) is measured for all big five leagues for 21 seasons (1998/99 to 2018/19). The chosen method does not only convey an overall indication of the competitive health of the entire league but also provides detailed information on the four important sub-competitions (championship race, qualification for Champions League or Europa League, and the fight against relegation). In all five leagues, seasonal CI tends to decrease over time, and especially over the last decade. The main reason is a decline in the intensity of the championship race while all other sub-competitions show relatively robust CI values. Overall, it can be concluded that the competitive health of the big five is intact, but the dwindling CI of the championship races can harm the EE of professional European football in the long run. Accordingly, it should be closely monitored in the future.

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