管理者权力对短视主义波动的影响研究

摘要/Abstract

摘要： 疫情背景下企业该何去何从？作为企业重要决策人员的管理者，陷入短期获益和长期发展平衡的两难之中，短视主义波动越发明显。基于管理者认知和资源依赖理论，构建管理者短视主义波动指标，并以上海证券交易所、深圳证券交易所2019—2020年所有A股上市公司为研究对象，探究疫情背景下管理者权力对短视主义波动的影响以及所有权性质、冗余资源和管理者任期在其间的调节作用。结果发现：管理者权力对短视主义波动有显著的负向作用；所有权性质和冗余资源在管理者权力与短视主义波动关系中起到显著的负向调节作用，而管理者任期在管理者权力与短视主义波动关系中起到显著的正向调节作用。研究结论拓展了管理者认知和资源依赖理论的应用范围，丰富了疫情背景下管理者权力与短视主义波动的相关研究，从所有权性质、冗余资源和管理者任期等维度审视管理者权力与短视主义波动关系的情境，为疫情背景下避免管理者出现短视主义波动和稳定管理者决策视野提供有益指导。

关键词: 管理者权力, 管理者短视主义波动, 所有权性质, 冗余资源, 管理者任期

Abstract: Where should companies go under the pandemic? As important decision makers, managers are caught in the dilemma of balancing short-term benefits and long-term development, and myopia fluctuations become more and more obvious. Based on managerial cognition and resource dependence theory, this paper constructs myopia fluctuation indexes by using all A-share listed companies in Shanghai Stock Exchange and Shenzhen Stock Exchange from 2019 to 2020 to explore the impact of managerial power on myopia fluctuations and the moderating effect of ownership, slack resources and manager tenure. The results show that managerial power has a significant negative effect on myopia fluctuations. The ownership and slack resources have a negatively moderating effect between managerial power and myopia fluctuations, while manager tenure has a positively moderating effect between managerial power and myopia fluctuations. The findings extend the application of managerial cognition and resource dependence theory, enrich the related literature of managerial power on myopia fluctuations, expand the context from the perspectives of ownership, slack resources and manager tenure, and provide practical guidance for avoiding myopia fluctuations and stabilizing decision-making horizon under the pandemic.

Key words: managerial power, managerial myopia fluctuations, nature of ownership, slack resources, manager tenure

任声策, 杜梅, 操友根. 管理者权力对短视主义波动的影响研究[J]. 管理评论, 2024, 36(2): 181-193.

Ren Shengce, Du Mei, Cao Yougen. The Influence of Managerial Power on Myopia Fluctuations[J]. Management Review, 2024, 36(2): 181-193.

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