Does Managerial Myopia Affect Corporate Carbon Information Disclosure? Evidence from China

Corporate carbon information disclosure (CID) is gradually transitioning from being voluntary to mandatory, consistent with the global consensus on addressing climate change and achieving sustainable development. CID reflects corporate environmental performance and is a crucial source for the market to comprehend corporate environmental risks and assess their long-term value. However, corporate operations are often influenced by managers’ behavioral preferences when formulating disclosure strategies, as managerial cognitive vision and values directly affect strategic decisions. This study used a sample of Chinese A-share-listed companies for 2010 to 2023 to investigate the relationship between managerial myopia and CID. The findings indicate that managerial myopia significantly inhibits CID by reducing executive environmental awareness and corporate green innovation capabilities. A heterogeneity analysis shows that managerial myopia has a stronger inhibitory effect on CID in companies with weak governance structures and those that are not technology-intensive, providing valuable references for environmental performance and CID practice in emerging countries.