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Roe

Missing the Target

Why Stock-Market Short-Termism Is Not the Problem

Medium: Buch
ISBN: 978-0-19-762562-0
Verlag: Hurst & Co.
Erscheinungstermin: 29.04.2022
Lieferfrist: bis zu 10 Tage

Why stock-market short-termism is not causing severe damage to the American economy

According to many political leaders, pundits, and corporate lawmakers, stock-market-driven short-termism - when corporations prioritize immediate results in the next quarter over their longer-term interests - is harming the American economy. This view, popular in influential circles, sees short-termism as causing sharply declining research and development (R&D), too many stock buybacks, and severe environmental harm. But the data fits badly with this black-and-white representation of
short-termism.

Mark J. Roe analyzes the best data on R&D, corporate borrowings and buybacks, and long-term investment trends to show that stock market short-termism is not at the root of these economic problems. The book shows that blaming short-termism overlooks the real causes of declining investment, R&D changes, and environmental deterioration. By pointing to other sources of tension like accelerating technological change, rising political uncertainty, and repeated economic disruptions,
Missing the Target argues for a more nuanced understanding of the challenges to the American economy. Roe disproves many of the core claims against short termism. R&D spending, for example, is rising faster than the economy is growing. Its government R&D support that's been falling. Reversing that decline is the best
first target for bettering American R&D.

Missing the Target deepens the discussion of the American economy by analyzing the factors that contribute to current trends and by making a bold but straightforward claim: stock market short-termism is not the problem.


Produkteigenschaften


  • Artikelnummer: 9780197625620
  • Medium: Buch
  • ISBN: 978-0-19-762562-0
  • Verlag: Hurst & Co.
  • Erscheinungstermin: 29.04.2022
  • Sprache(n): Englisch
  • Auflage: Erscheinungsjahr 2022
  • Produktform: Gebunden
  • Gewicht: 449 g
  • Seiten: 200
  • Format (B x H x T): 164 x 242 x 19 mm
  • Ausgabetyp: Kein, Unbekannt
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