... but hinders operational agility. Moreover, both liquidity buffers and market competition attenuate these effects. Originality/value This study advances understanding of the micro-foundations of strategic agility by integrating TMT heterogeneity with organizational agility outcomes. It offers theoretical...

... characteristics using stock option information. Then, a panel regression analysis is adopted to test the effects of managerial overconfidence on inventory leanness. Moreover, a moderation model is applied to investigate the interaction effects of market competition. Findings Firms with overconfident COOs...