Research on the Impact of Managerial Reputation on Long-Termismin in the Dual Context of Culture and Economy
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.
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