Missing the Target: Why Stock-Market Short-Termism Is Not the Problem

Why stock-market short-termism is not causing severe damage to the American economy According to many political leaders,...
BD$71.32 BMD
BD$71.32 BMD
SKU: 9780197625620
Product Type: Books
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Author: Mark J. Roe
Format: Hardcover
Language: English
Subtotal: BD$71.32
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Missing the Target: Why Stock-Market Short-Termism Is Not the Problem by Roe, Mark J.

Missing the Target: Why Stock-Market Short-Termism Is Not the Problem

BD$71.32

Missing the Target: Why Stock-Market Short-Termism Is Not the Problem

BD$71.32
Author: Mark J. Roe
Format: Hardcover
Language: English
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. It's 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.


Author: Mark J. Roe
Publisher: Oxford University Press, USA
Published: 04/29/2022
Pages: 200
Binding Type: Hardcover
Weight: 0.99lbs
Size: 9.54h x 6.47w x 0.76d
ISBN: 9780197625620

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