| Title | Manager myopia and green technology innovation |
|---|---|
| ID_Doc | 30068 |
| Authors | Jian, JH; Tian, HY; Hu, D; Tang, ZM |
| Title | Manager myopia and green technology innovation |
| Year | 2024 |
| Published | Management Decision, 62, 5 |
| Abstract | PurposeWith the growing concern of various sectors of society regarding environmental issues and the promotion of sustainable development, green technology innovation is generally considered to be conducive to the long-term development of enterprises. However, because of the existence of agency problems, managers may have shortsighted behaviors. Then how will managers' shortsighted behaviors affect enterprises' green technology innovation?Design/methodology/approachThis paper uses machine learning-based text analysis methods to construct a manager myopia index based on the data from A-share listed companies on the Shanghai and Shenzhen Stock Exchanges from 2015 to 2020. We examine the impact of manager myopia on green technology innovation in companies.FindingsOur study finds that manager myopia significantly inhibits green technology innovation in companies. However, when multiple large shareholders coexist and the proportion of institutional investors' holdings is high, it can alleviate the inhibitory effect of manager myopia on green innovation. Heterogeneity tests show that the impact of manager myopia on green technology innovation is relatively significant in non-state-owned and manufacturing companies, as well as in the electricity industry. Robustness tests demonstrate that our conclusions remain valid after using propensity score matching to eliminate endogeneity problems.Originality/valueFrom the perspective of corporate governance, this paper incorporates managers' shortsightedness, multiple large shareholders and institutional investors' shareholding ratios into the same logical framework, analyzes their internal mechanisms, helps improve corporate governance, enhances green innovation capabilities and has strong implications for the implementation of national innovation-driven development strategies and the achievement of "carbon peak" and "carbon neutrality" targets. |
Similar Articles
| ID | Score | Article |
|---|---|---|
35630
|
Li, ZW; Wu, Y Does managerial myopia hinder green technological innovations? an examination based on Chinese-listed heavy polluters(2023) | |
| 30366
|
Huang, XA; Wang, YZ; Chen, Y; Hu, ZG Green Technology Innovation and Enterprise Performance: An Analysis Based on Causal Machine Learning Models(2024)Sustainability, 16, 6 | |
| 34887
|
Lou, S; Yao, CQ; Zhang, DH How to promote green innovation of high-pollution firms? A fuzzy-set QCA approach based on the TOE framework(2023) | |
| 30435
|
Yang, YR; Zhu, YM; Li, YJ; Zheng, ZY; Han, Y The effect of CEO succession on green technology innovation: the mediating effect of earnings management(2023) | |
| 31218
|
Hussain, M; Yang, SH; Maqsood, US; Zahid, RMA Tapping into the green potential: The power of artificial intelligence adoption in corporate green innovation drive(2024)Business Strategy And The Environment, 33, 5 | |
| 31210
|
Hu, SL; Dong, WH; Huang, YC Analysts' Green Coverage and Corporate Green Innovation in China: The Moderating Effect of Corporate Environmental Information Disclosure(2023)Sustainability, 15, 7 | |
| 65378
|
Javeed, SA; Zhou, N; Cai, X; Latief, R How does corporate management affect green innovation via business environmental strategies?(2022) | |
| 30164
|
Wang, YQ; Wang, W How green industrial policy affects the constancy of green technology innovation: a fresh proof from the innovation motivation perspective(2024)Environmental Research Communications, 6, 3 |