Managerial short-termism, firm-level financial instability, and socioeconomic determinants of health: evidence from Chinese listed firms

IntroductionFirm-level financial instability generates economic insecurity relevant to the socioeconomic determinants of health. Stock price crashes are an extreme form of such instability, yet prior work emphasizes information opacity rather than the managerial behavior that lets adverse information accumulate. We ask whether managerial short-termism raises firm-level crash risk.MethodsUsing 2...