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Organization Capital, Tournament Incentives and Firm Performance

Author

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  • S. Boubaker

    (Métis Lab EM Normandie - EM Normandie - École de Management de Normandie)

  • M.M. Hasan

    (Macquarie University [Sydney])

  • A. Habib

    (Massey University)

Abstract

This paper examines the relationship between organization capital and promotion-based tournament incentives. Using a sample of 33,618 publicly listed U.S. firm-year observations covering 1992\textendash2020, the results show that firms with high levels of organization capital have relatively more promotion-based tournament incentives, and that tournament incentives in high organization capital firms improve firm value and operating performance. \textcopyright 2021 Elsevier Inc.

Suggested Citation

  • S. Boubaker & M.M. Hasan & A. Habib, 2022. "Organization Capital, Tournament Incentives and Firm Performance," Post-Print hal-04452668, HAL.
    • Handle: RePEc:hal:journl:hal-04452668
    DOI: 10.1016/j.frl.2021.102468
    Note: View the original document on HAL open archive server: https://normandie-univ.hal.science/hal-04452668
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    4. Hassan, M. Kabir & Aysan, Ahmet Faruk & Kayani, Umar Nawaz & Choudhury, Tonmoy, 2023. "Working capital as a firm performance savior? Evidence from Scandinavian countries," Research in International Business and Finance, Elsevier, vol. 65(C).
    5. Chaeho Chase Lee & Hohyun Kim & Erdal Atukeren, 2024. "The Impact of Knowledge Capital and Organization Capital on Stock Performance during Economic Crises: The Moderating Role of a Generalist CEO," JRFM, MDPI, vol. 17(5), pages 1-27, May.
    6. Panta, Humnath & Panta, Ayush, 2023. "Organizational capital and readability of financial reports," Finance Research Letters, Elsevier, vol. 55(PA).
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    8. Provaty, Sagira Sultana & Hasan, Mostafa Monzur & Luo, Le, 2024. "Organization capital and GHG emissions," Energy Economics, Elsevier, vol. 131(C).

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