文化与经济双重情境作用下管理者声誉对长期主义的影响研究
Research on the Impact of Managerial Reputation on Long-Termismin in the Dual Context of Culture and Economy
徐宁 1张迪 1徐向艺1
作者信息
摘要
运用机器学习与文本分析方法构建管理者长期主义变量,以中国A股上市公司为样本,基于跨期选择理论,探究管理者声誉对长期主义的塑造作用以及儒家文化与经济政策不确定性的调节效应.研究表明:管理者声誉与其长期主义导向显著正相关;在受儒家文化影响更加深远以及外部经济政策不确定性更强的企业中,管理者声誉对于长期主义的影响更为显著;管理者声誉能够通过塑造长期主义者,优化企业在减少违规行为、提升内控质量、提高信息透明度、促进社会责任承担等价值分配方面,以及促进技术创新、绿色创新、数字化转型、高质量发展等价值创造方面的表现.
Abstract
Using machine learning and text analysis methods to construct proxy variable for man-agerial long-termism,based on intertemporal choice theory and taking Chinese A-share listed compa-nies as samples,this study examines how managerial reputation shapes long-termism and the situa-tional roles of Confucian culture and economic policy uncertainty in this process.The results show that managerial reputation has a significant positive impact on managerial long-termism;When enter-prises are located in areas with greater influence from Confucian culture or stronger external economic policy uncertainty,the impact of managerial reputation on long-termism is more significant;By sha-ping long-termists through their reputation,managers can optimize performance in reducing viola-tions,improving internal control quality,enhancing information transparency and promoting social re-sponsibility undertakings in terms of value allocation while promoting technological innovation,green innovation,digital transformation and high-quality development in terms of value creation.
关键词
管理者声誉/长期主义/儒家文化/经济政策不确定性/价值分配/价值创造Key words
managerial reputation/long-termism/Confucian culture/economic policy uncertain-ty/value distribution/value creation引用本文复制引用
基金项目
国家自然科学基金(72372090)
国家自然科学基金(71872103)
国家社会科学基金(20BJY110)
出版年
2024
NETL
NSTL
万方数据