Search Results - subject:"Short‐termism"

Using organizational science to change the public accounting profession

Wright, Lorraine M.; Coleman, Clarence; Glover, Hubert D. - In: Journal of Management Development 17 (1998) 7, pp. 516-525

This paper uses an organizational science framework to evaluate the present status of the public accounting profession and make recommendations for a systematic process to influence long‐term effective change. Historically, the profession has implemented short‐term responses to environmental...

Persistent link: https://www.econbiz.de/10014883318

Myopic Corporate Behaviour and CEO Quality

Dickerson, Andrew; Ellis, Christopher J.; Peirson, John - School of Economics, University of Kent - 1996

We develop and test a simple asymmetric information model of CEO quality, in which CEOs know their quality and shareholders may only infer this from observations of corporate profits. CEOs signal their quality to shareholders by manipulating the time path of corporate profits. Though...

Persistent link: https://www.econbiz.de/10005635154

Industry scenarios: short‐termism revealed

Mercer, David - In: Industrial Management & Data Systems 96 (1996) 8, pp. 23-27

Discusses research, derived from scenarios describing the future of a wide range of industry sectors as developed by managers and professionals from more than 150 large organizations. Suggests that such organizations mainly focus on “regulation” as the factor which will be most important in...

Persistent link: https://www.econbiz.de/10014824684

A reappraisal of share price maximization as a corporate financial objective

Keane, Simon - In: The European Journal of Finance 1 (1995) 1, pp. 1-17

This paper challenges the conventional share price maximizing objective and the assumption that a successful company can expect to achieve share price growth above the normal drift caused by inflation and earnings retention. The share price is an expectations-based measure, and more efficient...

Persistent link: https://www.econbiz.de/10009276891

Short-term performance pressures: is there a consensus view?

Demirag, Istemi - In: The European Journal of Finance 1 (1995) 1, pp. 41-56

responsible for such poor performance in Britain. Does short-termism arise from pressure in captial markets or is it generated … dismissal. On the other hand it is also argued that the problem of short-termism originates within management itself. The … purpose of this paper is therefore to review the relevant literature surrounding the debate on short-termism to draw …

Persistent link: https://www.econbiz.de/10009276895

An empirical study of research and development top managers' perceptions of short-term pressures from capital markets in the United Kingdom

Demirag, Istemi - In: The European Journal of Finance 1 (1995) 2, pp. 180-202

short-termist behaviour relating to R&D and its evaluation, suggesting that some at least of the problem of 'short-termism …

Persistent link: https://www.econbiz.de/10009276915

New Paradigms in Monetary Theory and Policy?

Haldane, Andrew G.; Coulibaly, Dramane; Kempf, Hubert; … - SUERF - The European Money and Finance Forum

On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium “New Paradigms in Money and Finance?” All the papers in the present SUERF Study are based on...

Persistent link: https://www.econbiz.de/10009651458

Corporate Reporting

Zairi, Mohamed; Letza, Steve - In: Management Decision 32 (1994) 2, pp. 30-40

A key to economic success is that a company should be clear about its purpose. Existing methods of reporting company performance have proved inadequate. The missing link could be incorporating mission statements to share the mission/purpose of the organization with the end‐users. Describes the...

Persistent link: https://www.econbiz.de/10014933602

Continuing injustice, prejudice and misrepresentation in attitudes to renewables

Leckie, J.L. - In: Renewable Energy 5 (1994) 5, pp. 1541-1546

, prejudice and misrepresentation of renewables. The sins of omission or crimes of neglect. Self-fulfilling prophecies and short-termism …

Persistent link: https://www.econbiz.de/10010806968

Arbitrage Chains

Dow, James; Gorton, Gary - European Science Foundation Network in Financial … - 1993

In efficient markets the price should reflect the arrival of private information. The mechanism by which this is accomplished is arbitrage. A privately informed trader will engage in costly arbitrage, that is, trade on his knowledge that the price of an asset is different from the fundamental...

Persistent link: https://www.econbiz.de/10005656104