Associate Professor Xiaohang Ren, a Researcher of the Base, has had his collaborative paper "The impact of managerial myopia on corporate resilience: From the perspectives of resistance and recovery" published in the important academic journal Finance Research Letters.

Finance Research Letters is an internationally renowned journal in the field of finance, covering various research areas in finance such as corporate finance, asset pricing, financial markets and institutions, risk management, international finance, behavioral finance, and financial engineering. 

Abstract: This paper illustrates the association between managerial myopia and corporate resilience in China, focusing on two dimensions: resistance and recovery. The results demonstrate that managerial myopia could negatively affect corporate ability to withstand shocks and recover from losses. Notably, family financial pressure can cause managers to prioritize short-term gains, which can further exacerbate the negative impact on corporate resilience. Furthermore, digital transformation can help mitigate the detrimental effects, while overconfidence intensifies these negative consequences. In conclusion, companies can effectively navigate the intricacies of the corporate finance landscape and foster long-term resilience, thus reinforcing their ability to withstand unpredictable shocks.

Keywords: Managerial Myopia;Corporate resilience;Textual analysis;Digital transformation;Managerial overconfidence

Link:https://doi.org/10.1016/j.frl.2025.106815

Teacher profile

Xiaohang Ren is a Distinguished Associate Professor at the Business School, Central South University, an Elsevier China Highly Cited Researcher, and a Top 2% Scientist Worldwide. He mainly engages in research on energy finance, financial risk, and financial econometrics. He has published more than 100 papers in authoritative journals at home and abroad,including Journal of the American Statistical Association,Transportation Research Part A, Energy Economics, Quantitative Finance, Review of Quantitative Finance and Accounting, International Review of Financial Analysis, Technological Forecasting and Social Change, Business Strategy and the Environment, Pacific-Basin Finance Journal, Applied Energy, Resources Policy, Renewable & Sustainable Energy Reviews, Energy, Journal of Management Sciences in China (English Edition), Systems Engineering — Theory and Practice, and Chinese Journal of Management Science. Among these, more than 30 are ESI Hot Papers/Highly Cited Papers. He serves as Section Editor of Sustainable Communities (Taylor & Francis), Associate Editor of journals such as Humanities & Social Sciences Communications (the only humanities and social sciences journal under Nature), and Guest Editor of several SSCI journals including Climate Change Economics and Economic Change and Restructuring.