Managerial Myopia and Corporate Social Responsibility

Managerial myopia negatively impacts CSR scores, with investor behavior—such as sentiment, market myopia, and herding—intensifying this effect. Multivariate regression analyses of 564 Tehran Stock Exchange companies over 16 years reveal significant findings. These results highlight the implications for policy, practice, and research as investors demand more CSR information, regulators enforce requirements, and businesses disclose greater CSR performance.