The Impact of Executive R&D Background on Myopia Behavior
Based on the higher order theory and branding theory,this study examines the impact of executive R&D background on myopia behavior,using China's A-share listed companies from 2013 to 2022 as a sample.The study finds that executive R&D background is significantly negatively correlated with myopia behavior,indi-cating that executive R&D background can inhibit myopia behavior.Analyst attention weakens the negative im-pact of executive R&D background on myopia behavior,indicating that analyst attention can play a substitution effect.The conclusion remains unchanged after robustness test.Heterogeneity analysis finds that the negative rela-tionship between executive R&D background and myopia behavior is more obvious in non-state-owned enterpris-es and high-tech industries.
NETL
NSTL
万方数据
