Government Subsidy Allocation,Perception of Justice and Correction of Corporate Management Myopia
This study examines whether government subsidy allocation affects corporate management myopia and whether the govem-ment can correct corporate management myopia by improving the justice of the government subsidy allocation from the perspective of organizational justice theory,using a sample of A-share listed companies in China from 2007 to 2020.The findings suggest that,in line with the expectations of organizational justice theory,a higher concentration of government subsidies in a company's region leads to a higher level of management myopia.However,when the process of subsidy allocation is procedurally and interactionally fair and just,it does not significantly affect management myopia.These results indicate that the government can correct the myopia of corporate management by enhancing the justice,especially procedural justice and interactional justice,in the allocation of govem-ment subsidies.This study also reveals that the effect of government subsidy concentration on management myopia is stronger in com-panies with lower levels of corporate governance and more sensitive management perceptions of the external environment.Overall,this study expands the application of organizational justice theory and offers new insights for effectively managing the relationship be-tween government and companies,and stimulating entrepreneurship.
Government SubsidiesManagement MyopiaOrganizational Justice TheoryPerception of Justice
万方数据
维普
