Informational benefits of managerial myopia
Abstract
We show that managerial myopia has an informational benefit that has been overlooked in the prior research. Compared with managers who care sufficiently about the long-term, a moderately myopic manager incentivizes the proponent of a risky long-term project to produce more information about the project, leading to more informed decision making and higher firm...
Paper Details
Title
Informational benefits of managerial myopia
Published Date
Dec 1, 2019
Journal
Volume
185
Pages
108705 - 108705
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