XU RUYUE 1, Benjamin Chan Yin Fah 2*
University Tun Abdul Razak (UNIRAZAK), Kuala Lumpur, Malaysia
Managers’ shortsightedness is an important factor affecting the company’s investment decision-making, and the stability of the institutional environment is an important factor affecting managers’ shortsightedness investment management. The article takes the data of Chinese A-share listed companies from 2011 to 2022 as a sample, and through empirical analysis and design model research. Purpose of the study is to identify what are the impact of managers’ shortsightedness on the risk of financial distress and stock price crash risk in the financing risks of Chinese listed companies.
Keywords: managers’ shortsightedness, financial distress risk, stock price crash risk, institutional environment