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Yuanyuan Hu
School of Economics and Management, Tongji University, Shanghai 200092, China

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Journal article
Published: 22 May 2019 in Sustainability
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This study attempts to investigate the influence of managerial mindfulness on firm innovation. Managerial mindfulness is defined as a collective psychological state shared by top management team (TMT) members and represents their collective attention to present-moment events and experiences. Drawing from two psychological mechanisms of mindfulness, we argue that managerial mindfulness can positively affect R&D intensity—a proxy for firm innovation. The first psychological mechanism is that mindfulness facilitates self-regulation. By facilitating self-regulation, managerial mindfulness enables TMT members to behave less opportunistically and act in a less self-serving manner. Therefore, TMT members are concerned about the shareholders’ interests in long-term value creation and hence are willing to take more risk such as investing more in R&D. The second psychological mechanism is that mindfulness facilitates goal-pursuit, especially for intrinsic goals. Mindful TMT members are autonomously motivated to pursue goals that are more satisfying, persist for longer durations, and show greater success than goals that are extrinsically motivated; mindful TMT members are likely to view R&D as an intrinsic goal to pursue. In addition to the main effect, this study also examines several moderators and suggests that the positive relationship between managerial mindfulness and R&D intensity is moderated by firm age, slack resources, and past financial performance. Specifically, this relationship becomes weaker when a firm grows older and the firm has better past financial performance, while it is stronger when a firm has greater slack resources. To empirically test our hypotheses, we rely on a sample of Chinese listed companies and collect data from the China Stock Market and Accounting Research (CSMAR). Feasible generalized least squares (FGLS) regression is adopted due to the presence of significant autocorrelations and heteroskedasticity. The empirical analyses provide full support for our hypotheses. Therefore, this study contributes to literature of mindfulness, as well as studies on TMT’s influence on firm strategy and decision-making.

ACS Style

Yuanyuan Hu; Xiaoping Zhao; Yang Chen. The Influence of Managerial Mindfulness on Innovation: Evidence from China. Sustainability 2019, 11, 2914 .

AMA Style

Yuanyuan Hu, Xiaoping Zhao, Yang Chen. The Influence of Managerial Mindfulness on Innovation: Evidence from China. Sustainability. 2019; 11 (10):2914.

Chicago/Turabian Style

Yuanyuan Hu; Xiaoping Zhao; Yang Chen. 2019. "The Influence of Managerial Mindfulness on Innovation: Evidence from China." Sustainability 11, no. 10: 2914.

Journal article
Published: 05 December 2018 in Sustainability
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This study attempts to investigate the influence of corporate social responsibility (CSR) on firm value. Drawing upon stakeholder theory and a resource-based view, we argue that corporate social responsibility is expected to positively affect firm value because it helps firms gain positive stakeholder responses. Based on longitudinal data of Chinese manufacturing firms listed at Shanghai and Shenzhen Stock Exchange between 2010 and 2015, we use multiple linear regression to find that corporate social responsibility has a positive relationship with firm value and that the relationship between CSR and firm value is weakened for firms with higher advertising intensity, as CSR by these firms gains negative stakeholder responses. State-owned firms were shown to benefit more from CSR, as CSR by these firms gains positive stakeholder responses for such firms.

ACS Style

Yuanyuan Hu; Shouming Chen; Yuexin Shao; Su Gao. CSR and Firm Value: Evidence from China. Sustainability 2018, 10, 4597 .

AMA Style

Yuanyuan Hu, Shouming Chen, Yuexin Shao, Su Gao. CSR and Firm Value: Evidence from China. Sustainability. 2018; 10 (12):4597.

Chicago/Turabian Style

Yuanyuan Hu; Shouming Chen; Yuexin Shao; Su Gao. 2018. "CSR and Firm Value: Evidence from China." Sustainability 10, no. 12: 4597.

Journal article
Published: 02 November 2018 in Sustainability
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This study attempted to investigate the influence of managerial humanistic attention on corporate social responsibility. Drawing upon humanistic value, upper echelons theory and behavior decision theory, we developed and tested hypotheses using secondary from manufacturing firms listed at Shanghai Stock Exchange from year 2010 to year 2014. This study showed that managerial humanistic attention can positively affect corporate social responsibility and corporate social responsibility was found to be influenced by firm characteristics. Specifically, the relationship between managerial humanistic attention and corporate social responsibility was stronger: when a firm was older; was bigger; and had more slack resources.

ACS Style

Yuanyuan Hu; Shouming Chen; Jian Wang. Managerial Humanistic Attention and CSR: Do Firm Characteristics Matter? Sustainability 2018, 10, 4029 .

AMA Style

Yuanyuan Hu, Shouming Chen, Jian Wang. Managerial Humanistic Attention and CSR: Do Firm Characteristics Matter? Sustainability. 2018; 10 (11):4029.

Chicago/Turabian Style

Yuanyuan Hu; Shouming Chen; Jian Wang. 2018. "Managerial Humanistic Attention and CSR: Do Firm Characteristics Matter?" Sustainability 10, no. 11: 4029.