Exploring the debate on short-termism: a theoretical and empirical analysis

Marginson, David Evan Winston and McAulay, Laurie 2008. Exploring the debate on short-termism: a theoretical and empirical analysis. Strategic Management Journal 29 (3) , pp. 273-292. 10.1002/smj.657

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Abstract

The debate on short-termism has focused on the economic factors of capital markets and performance measurement systems. Laverty (1996) has advocated the inclusion of individual and organizational dimensions to extend the debate. We reorient Laverty's extended debate by drawing upon a broad management and accounting literature and thereby develop testable theoretical explanations of short-termism. The resulting hypotheses are tested in a telecommunications company. Our findings provide support for Laverty's (1996) argument that individual and organizational factors are important determinants of short-termism.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HE Transportation and Communications H Social Sciences > HF Commerce H Social Sciences > HG Finance
Uncontrolled Keywords:	Short-termism; Role ambiguity; Social influence; Capital markets; Performance measurement
Publisher:	Wiley Blackwell
ISSN:	0143-2095
Last Modified:	19 Mar 2016 22:29
URI:	https://orca.cardiff.ac.uk/id/eprint/18387

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