Boekhandel Douwes Den Haag

Missing the Target

Why Stock-Market Short-Termism Is Not the Problem

Mark J. Roe

Missing the Target

Missing the Target

Why Stock-Market Short-Termism Is Not the Problem

Missing the Target

 

Missing the Target challenges the view that stock-market-driven short-termism is severely damaging the American economy. Mark J. Roe shows that the evidence does not support that view, examines why this issue is popular, why the issue continues to grip lawmakers, and why they are mistaken in according it much weight.


Leverbaar

€ 28,00

Levertijd: 5 tot 10 werkdagen


Beschrijving Missing the Target

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 (RD), 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 RD, 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, RD 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. RD spending, for example, is rising faster than the economy is growing. Its government RD support that's been falling. Reversing that decline is the best
first target for bettering American RD.

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.


ISBN
9780197625620
Pagina's
200
Verschenen
NUR
780
Druk
1
Uitvoering
Hardback
Taal
Engels
Uitgever
OUP USA

Economie en bedrijf