解决原因,而不是症状:管理近视和环境投资偏好
Rui Zhu1, Yalan Zhang1, Huixiang Zeng2
1School of Economics & Management, Changsha University of Science & Technology, No. 45, Chiling Road, Tianxin District, Changsha, Hunan, 410015, China.
Journal of environmental management
|December 31, 2024
概括
管理的近视或短视管理,阻碍了企业的环境投资,特别是预防性投资. 然而,这些投资可以带来创新和更好的财务业绩.
科学领域:
- 环境经济学环境经济学
- 企业金融公司财务
- 管理学研究 管理学研究
背景情况:
- 公司往往优先考虑短期的环境合规性,而不是长期的可持续性.
- 管理近视,以关注即时结果为特征,影响战略决策.
研究的目的:
- 调查管理近视对企业环境投资偏好的影响.
- 探索融资和内部控制质量的调解作用.
- 确定加剧这种影响的上下文因素.
主要方法:
- 2007年至2021年中国上市公司的分析.
- 在上层阶层和时间定向理论中扎根.
- 进行了机制和异质性分析.
主要成果:
- 管理层的近视严重阻碍了环境投资,特别是预防措施.
- 由于管理层的近视,金融化增加,内部控制质量下降.
- 近视的抑制作用取决于上下文.
结论:
- 短期管理重点对环境投资和企业可持续性产生负面影响.
- 预防性环境投资可以提供"创新补偿",并改善财务业绩.
- 调查结果为利益相关者提供了洞察力,以促进长期的环境战略.
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