This study investigates the real effects of management communication, specifically forecasts or earnings guidance, on investment. Managers can signal strength their projects through accuracy in guidance. leads less accurate managers to distort investments; equilibrium investment strategy involves over-investment when exceed forecast and under-investment fall short. Moreover, we find that are pe...

Listed companies are the pillar strength of China’s economy, whose CSR performance is great significance. From perspective sustainable development enterprises, this paper finds that managerial myopia will inhibit enterprises from fulfilling their social responsibilities. Using employment opportunity indicator as an instrumental variable, result 2SLS regression remains significantly negative. In...

In the managerial myopia literature the firm always faces some agency problem or other market imperfection. It is unclear whether the myopic behavior found in these models is due to stock-based incentives or the model's other market imperfections. This paper points out that stock incentives do not lead to myopia unless they result in more emphasis on the short-term than would occur under an opt...

the need to develop the required human resources in the tourism industry has become imperative as a consequence of rapidly changing technology and dynamic changes in the international tourism market. and in this regard the role and commitment of the top management towards developing the human resources cannot be undermined. a study has been conducted to assess the perception of the top manageme...