State ownership, managerial myopia and corporate green transition: evidence from listed companies in China.

GOVERNMENT ownership; MYOPIA; CORPORATE state; STOCK ownership; ENVIRONMENTAL regulations; GOVERNMENT business enterprises; INTERNAL auditing

Purpose: Green transition is a long-term direction of corporate development that can achieve sustainable corporate development. This study aims to investigate whether state ownership promotes corporate green transition by mitigating managerial myopia and the impact of environmental regulations, internal controls and ownership on this pathway. Design/methodology/approach: Using data from 2,608 Chinese listed companies for 2010–2019, the authors investigate the relationship between state ownership, managerial myopia and corporate green transition by using fixed-effects and moderated mediation models. Findings: State ownership can boost green transitions and alleviate managerial myopia. Managerial myopia mediates the relationship between state ownership and corporate green transition. Furthermore, environmental regulations, internal controls and ownership moderate the mediating effects of managerial myopia. Originality/value: The authors construct a multidimensional green transition index to examine the influence of state ownership on corporate green transition behavior and reveal the underlying mechanism by which state ownership promotes green transition by "mitigating managerial myopia." This study enriches the literature on state ownership, management myopia and green transition and provides important evidence for the promotion of mixed ownership reforms. [ABSTRACT FROM AUTHOR]

Copyright of Multinational Business Review (Emerald Group Publishing Limited) is the property of Emerald Publishing Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)