Title: Managerial myopia and low-carbon transition development: evidence from listed companies

Authors: Fake Ma; Huili Li

Addresses: Henan Institute of Economics and Trade, Zhengzhou 450000, Henan, China ' Zhengzhou Metro Group Co., Ltd., Zhengzhou 450000, Henan, China

Abstract: Perception of management holds paramount importance in guiding the metamorphosis and advancement of enterprises. Drawing upon a fresh research perspective centred around managerial myopia (MM), this paper delves into the profound impact of such myopia on the low-carbon total factor productivity of enterprises. The study reveals several noteworthy findings: firstly, the influence of MM on enterprise low-carbon total factor productivity exhibits a pronounced negative trend, signifying that myopia acts as a hindrance to the progression of enterprise low-carbon transformation. Secondly, the effect of MM on enterprise low-carbon total factor productivity displays distinctive heterogeneity, with myopia particularly prominent in its hindering effect on state-owned and mature enterprises. Thirdly, the impediment posed by MM on the development of enterprise low-carbon endeavours stems from declining R&D intensity, reduced environmental protection investments, and weakened human capital. Lastly, the key to breaking free from the constraints of MM in fostering low-carbon transformation lies in the proactive disclosure of environmental information and the fortification of internal control mechanisms.

Keywords: managerial myopia; MM; low-carbon transition; total factor productivity.

DOI: 10.1504/IJSD.2026.152793

International Journal of Sustainable Development, 2026 Vol.29 No.2, pp.209 - 219

Received: 08 Sep 2023
Accepted: 17 Jan 2024
Published online: 13 Apr 2026 *

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