García-Sánchez, Isabel-María; García-Meca, Emma - In: Administrative Sciences 10 (2020) 3, pp. 1-17
We analyze the association between managerial ability in banks and three different typologies of investments that … managerial ability is related to increased (reduced) investment in banks prone to underinvestment (overinvestment). The sample … for analysis is composed of 877 observations of banks in nine countries over the period 2004-2010. We find evidence that …