Missing the Target: Why Stock-Market Short-Termism Is Not the Problem

Sprache: Englisch

Verlag: Oxford University Press Inc, 2022

0197625622 / 9780197625620

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A data-driven argument for why stock-market short-termism is not causing severe damage to the American economyAccording to most media outlets and corporate lawmakers, stock-market-driven short-termism - when corporations appear to prioritize immediate results in the next quarter over long-term interests - is crippling the American economy. This popular view claims that short-termism is causing widespread declines in research and development (RandD) spending, harmful environmental policies, and degradation of the workplace. But the data does not support this black-and-white representation of short-termism. Mark J. Roe uses economy-wide data on RandD spending trends and corporate financial analysis to show that stock-market short-termism is not the root of all of America's economic problems. The book shows that blaming short-termism overlooks the real causes of declining investment, RandD cutbacks, environmental deterioration, and workplace conflict. By pointing to other sources of tension like accelerating technology change, policy uncertainty, and an increasing sense of workplace insecurity, Missing the Target argues for a more nuanced understanding of the challenges to the American economy. Roe also disproves many of the core claims against short-termism by demonstrating that RandD spending is not in a complete decline. In fact, while government research spending may be down, corporate RandD expenditure is actually rising faster than the economy is growing. Missing the Target complicates the discussion of the American economy by explaining the many factors that contribute to current trends and by making a bold but straightforward claim: short-termism is not the problem.…

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Titel
Missing the Target: Why Stock-Market Short-Termism Is Not the Problem
Autor
Mark J Roe
Verlag
Oxford University Press Inc
Erscheinungsjahr
2022
Zustand
Very Good
Einband
Hardback
Sprache
Englisch
ISBN-10
0197625622
ISBN-13
9780197625620

World of Books (was SecondSale)

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Verkäufer:in bei ZVAB seit 20. Dezember 2007

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