Missing The Target: Why Stock Market Short-Termism Is Not The Problem
A data-driven argument for 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 view of stock market short-termism
