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Academic Journal of Business & Management, 2023, 5(11); doi: 10.25236/AJBM.2023.051121.

The impact of managerial competence on investor attention


Xinyi Pan

Corresponding Author:
Xinyi Pan

School of Economics and Management, Fuzhou University, Fuzhou, 350108, China


This paper empirically investigates the effect of managerial competence on investor attention, using A-share listed companies from 2007-2021 as the research object. The study finds that managerial competence has a positive enhancing effect on investor attention. The moderating mechanism suggests that the degree of corporate diversification has a dampening effect on the enhancing effect of managerial competence on investor attention. The above findings still hold after applying robustness tests in various ways. Heterogeneity analysis shows that the promotion of managerial competencies on investor attention is more pronounced in firms with a higher degree of digitalisation under non-state enterprises. The study has implications for attracting investor attention and enhancing corporate competitiveness in the new era.


investor focus, managerial competence, corporate diversification

Cite This Paper

Xinyi Pan. The impact of managerial competence on investor attention. Academic Journal of Business & Management (2023) Vol. 5, Issue 11: 137-144. https://doi.org/10.25236/AJBM.2023.051121.


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