Work

Management myopia and green investment: Evidence from China

Year: 2024

Type: article

Abstract: This paper examines the impact of management myopia on the investment behavior of green investors using A‐share listed companies from 2004 to 2020 in China. The research reveals that management myopia significantly inhibits the investment behavior of green investors. Through corporate reputation and the development of green technologies, management myopia affects the investment intentions of green investors. Environmental project subsidies do not mitigate the negative impact of management myopia on green investment intentions. Interestingly, compared to environmentally friendly projects categorized under “profit‐related” and “reward” headings, subsidies in the form of environmental project grants exacerbate the inhibitory effect of management myopia on green investment.

Source: Managerial and Decision Economics

DOI: 10.1002/mde.4317

Authors: Meilin Jin, Xinyao Li, Bei Liu, Jincheng Li

Institutions: Nanjing University of Finance and Economics, Communication University of China, Nanjing University of Posts and Telecommunications, Nanjing University, Jilin University

Language: English

Topic: Sustainable Finance and Green Bonds

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: bronze

Funders: Nanjing University, Nanjing University of Finance and Economics

OpenAlex ID: W4400929047

FWCI: 4.749

Cites: 64

Cited by: 16

Related to: 10