Managerial work, importance of information and corporate profitability: evidence from Finland

Abstract

The objective of this study is to analyse the influence of CEO managerial work role and broad information on the profitability of the firm. The research model is based on five hypotheses on the relationship between work role, importance of broad information, and corporate profitability. Perceived environmental uncertainty (PEU) is expected to moderate the effects of managerial work and broad information on profitability. Managerial roles are described using the classic work roles introduced by Mintzberg (1973). The model is tested using survey data got from 196 Finnish top managers (CEO) of firms from different industries and size classes. The research hypotheses are tested by the partial least squares (PLS) method. Empirical evidence gives partial support to the five hypotheses.