How do shareholders know if corporate managers are doing their jobs? This paper aims to propose using top management team meetings as a measure of the behavior of company managers. More meetings may indicate effective effort by top management to enhance company performance. Alternatively, more meetings may reflect procrastination and decision paralysis.,Using top management team meeting data publicly disclosed by Indonesian companies during 2010–2017, this study tests for these hypothesized relationships between top management team meeting frequency and firm performance.,This study found that top management team meetings are positively related to firm performance, indicating that more meetings do represent more effective effort by top management teams. Further analysis shows that only firms that consistently hold more meetings than their peers perform better, particularly during periods of poor performance.,This study highlights top management team meetings as a valid signal of management effort and suggests there should be louder calls for disclosure of these types of executive performance metrics around the world.

中文翻译：

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高层管理团队会议和公司绩效

股东如何知道公司经理是否在工作？本文旨在建议使用高层管理团队会议来衡量公司经理的行为。更多的会议可能表明高层管理人员为提高公司绩效做出了有效努力。另外，更多会议可能反映拖延和决策瘫痪。使用印度尼西亚公司在2010-2017年期间公开披露的高层管理团队会议数据，本研究测试了高层管理团队会议频率与公司绩效之间的这些假设关系。高层管理团队会议与公司绩效呈正相关，表明更多会议确实代表了高层管理团队更有效的努力。