Does respect is more beneficial than being liked?

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We had a situation where one manager who is well respected among peers and another manager who is liked among peers were competing for a promotion. I truly believed that the well-liked person had the bigger probability to get promotion. However, the promotion went to the manager who is well respected! I thought hard about the topic and had made certain conclusions on what could have transpired and the logic involved. We like someone based on some traits. Likeability helps in forming bonds and make the interactions enjoyable. However, in order to be likeable, there could be times at which one needs to compromise certain values. In case of respect, it is foundation for credibility. We usually respect people for their qualities or skills. Respect is earned through consistent actions. Respect directly linked with reliability and creates a sense of trust and loyalty. Respect brings the person with a profound sense of accomplishment. So, perhaps respect is best form of integrity of character and in professional settings , bring long term benefits. Respect brings the consistency and reliability and that matters most in the professional world. I guess these are the reasons for being respected offering more advantages than being liked. What do you think?