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

• 成果类型: Review
• 署名作者: Marginson, David; Mcaulay, Laurie
• 署名单位: Cardiff University; Loughborough University
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.657
• 发表日期: 2008
• 页码: 273-292
• 关键词: Short-termism; ROLE AMBIGUITY; social influence; capital markets; Performance measurement

摘要

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. Copyright (C) 2007 John Wiley & Sons, Ltd.