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How to Curb Short-Termism in Corporate America

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  • Robert C Pozen

Abstract

Although some criticisms of corporate short-termism are warranted, others are exaggerated. Institutional investors—the dominant holder of publicly traded stock—have supported long-term plans of companies with good track records. Nevertheless, certain reforms are needed to curb short-termism, such as shorter filing periods for 13D notices and limits on empty voting. Most importantly, corporate officials can reduce the focus on short-term results by ending their public projections of quarterly earnings and extending the time horizon of executive compensation.

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  • Robert C Pozen, 2015. "How to Curb Short-Termism in Corporate America," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 50(1), pages 20-24, January.
    • Handle: RePEc:pal:buseco:v:50:y:2015:i:1:p:20-24
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