Managerial Wisdom and Entrepreneurial Investment Orientation of Capital market companies Based on the analysis of Galatia's theory

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Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:

In a dynamic business environment, where profit flows are uncertain in the future, companies need to be constantly looking for new opportunities and innovative exploitation. Maintaining an active presence in the market and achieving higher performance requires these companies to pay more attention to the factors affecting the indicators and capacities of the entrepreneurial investment trend. Today, entrepreneurship and entrepreneurial approach as an important and prudent management strategy for how to organize companies and take advantage of market opportunities is the focus of experts and managers in the field of theory and practice of organizational management. The purpose of Managerial Wisdom and Entrepreneurial Investment Orientation of Capital market companies Based on the analysis of Galatia's theory. In this study, two measures of entrepreneurial orientation were used to measure entrepreneurial investment orientation based on the data envelopment analysis (DEA) approach and Shannon's entropy analysis approach. Also, in order to measure managerial wisdom from the Ardelt (2003) questionnaire, which is based on three cognitive subscale scales based on cognition; Wisdom is based on reflection and wisdom is based on emotions. In this study, which was conducted in 2019, 82 questionnaires were completed and analyzed with the participation of managers of the Tehran Stock Exchange. In order to fit and test the hypothesis, we used the partial least squares (PLS) analysis. The results showed that Managerial Wisdom has a positive and significant effect on the development of entrepreneurial investment orientation under the Galatia approach. In fact, this results in the fact that the existence of positive expectations of a manager from himself, can strengthen the level of wisdom in terms of the individual's approach with more effectiveness in organizational decisions and cause to move more dynamically in the direction of further dynamism of entrepreneurial capitalization trends.

Language:
Persian
Published:
Management accounting, Volume:14 Issue: 48, 2021
Pages:
45 to 68
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