“The Moderating Role of Governance Mechanisms on the Relationship Between Managerial Ability, Firm Value, and Information Asymmetry: An Applied Study” | ||
| Horus International Journal for Commercial Research | ||
| Volume 1, Issue 4, November 2025, Pages 46-77 PDF (777.33 K) | ||
| Document Type: Scientific research | ||
| DOI: 10.21608/hjcr.2025.463634 | ||
| Authors | ||
| Mohsen Shabat1; Elsayed Dawood2; Ahmed Kamal Motawea2 | ||
| 1Faculty of Commerce - Mansoura University | ||
| 2Accounting Department - Faculty of Commerce Mansoura University | ||
| Abstract | ||
| The research aims to: present and analyze the relationship between administrative ability and enterprise value and the factors affecting that relationship, present and analyze the relationship between administrative ability and information asymmetry and the factors affecting that relationship, study the moderating effect of governance mechanisms on the relationship between administrative ability and enterprise value, and study the moderating effect of governance mechanisms on the relationship between administrative ability and information asymmetry. The study found a statistically significant relationship between managerial ability and firm value, and the importance of board characteristics as a moderating variable that contributes to strengthening the relationship between managerial ability and firm value. The analysis showed that the interaction between managerial ability and board size was significant and positive, indicating that the positive impact of managerial ability on market value is stronger under larger boards of directors. Audit committee characteristics showed no significant moderating effect on the relationship between managerial ability and firm value. There was a negative relationship between managerial ability and information asymmetry, and a significant relationship between governance mechanisms, managerial ability, and information asymmetry. The study recommends that organizations focus on the importance of selecting managers with high managerial capabilities (gender, age, educational and professional background, personal skills, and individual beliefs), as this will have many positive effects for all stakeholders, the most important of which is improving the company's information environment and increasing its transparency. | ||
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