Managerial Myopia and Corporate Social Responsibility Activities
DOI:
https://doi.org/10.54097/fbem.v5i3.2035Keywords:
Managerial myopia, Instrumental variable, CSR.Abstract
Listed companies are the pillar strength of China’s economy, whose CSR performance is of great significance. From the perspective of sustainable development of enterprises, this paper finds that managerial myopia will inhibit enterprises from fulfilling their social responsibilities. Using the employment opportunity indicator as an instrumental variable, the result of 2SLS regression remains significantly negative. In order to realize the sustainable development of economy, we must strengthen the supervision and restriction to enterprise managers.
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