A Research into Managerial Self concern and Myopia Behavior——From the Perspective of Security Investment of Listed Companies
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Abstract In recent years, there are more and more listed companies investing in securities and their investment myopia has become increasingly serious. In the light of the short-term securities investment of listed companies of our country, the authors analyzed the myopia behavior of listed companies whose managers consider their own benefits. The authors made an empirical research using the listed companies of our country from 2007 to 2009 as samples. The descriptive statistical analysis and empirical study found that a large number of managers of these companies have investment myopia behavior. Managers’ age and managing capacity have significant impact on such myopic behavior and the relationship between them is significantly negative. However, the salaries of managers and the shareholding ratio of managers are not clearly related to investment myopia.
TUN Zhan-Chi,LI Su-Yin. A Research into Managerial Self concern and Myopia Behavior——From the Perspective of Security Investment of Listed Companies. Economic Survey, 2012, (1): 0137.
2012, Vol. 
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