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008220228t20222022nyu ob 001 0 eng d
020 ▼a 9780197625644 ▼q (electronic bk.)
020 ▼a 0197625649 ▼q (electronic bk.)
020 ▼a 9780197625651 ▼q (ebook)
020 ▼a 0197625657 ▼q (ebook)
020 ▼z 9780197625620
035 ▼a 3151434 ▼b (N$T)
035 ▼a (OCoLC)1300228988
040 ▼a N$T ▼b eng ▼e rda ▼e pn ▼c N$T ▼d N$T ▼d OCLCO ▼d OCLCF ▼d OH1 ▼d OCLCO ▼d AFU ▼d UBY ▼d UKAHL ▼d IUL ▼d 248032
043 ▼a n-us---
049 ▼a MAIN
050 4 ▼a HG4551 ▼b .R64 2022
08204 ▼a 332.64/2 ▼2 23
1001 ▼a Roe, Mark J., ▼d 1951-, ▼e author.
24510 ▼a Missing the target : ▼b why stock-market short-termism is not the problem / ▼c Mark J. Roe. ▼h [electronic resource]
264 1 ▼a New York, NY : ▼b Oxford University Press, ▼c [2022]
264 4 ▼c 짤2022
300 ▼a 1 online resource
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a computer ▼b c ▼2 rdamedia
338 ▼a online resource ▼b cr ▼2 rdacarrier
504 ▼a Includes bibliographical references and index.
520 ▼a Stock-market-driven short-termism is crippling the US economy, according to legal, judicial, and media thinking. Firms forgo the R&D they need, cut capital spending, and buy back their own stock so feverishly that they starve themselves of cash. The stock market is the primary cause: directors and managers cannot manage for the long-term when their shareholders furiously trade their companies' stocks, they cannot invest enough when stockholders demand rising quarterly profits, they must slash R&D when investors demand that precious cash be used to buy back stock, and they cannot even strategize about the long-term when shareholder activists demand immediate results. The stock market's short-termism is also blamed for environmental degradation, for contributing to global warming, and for employee mistreatment. This book shows, however, that the purported ills emanating from stock-market short-termism are either not shown, likely to minor, demonstrably false, or due to other pernicious economic causes. The social costs attributed to corporate short-termsim - environmental degradation, mistreatment of stakeholders, riaking climate catastrophe - emanate more from selfishness than from distorted time horizons, as we shall see. Moreover, public and policymaker obsession with stock-market short-termism as upsetting the economy and settled arrangements is explained more by dissatisfaction with the rapidity of technological change, the increasing uncertainty and instability of the workplace, and a dissatisfaction with overall economic arrangements. Lawmakers and pundits can readily miss more likely causes of the underlying issues - like how best to push forward US R&D - by mistakenly aiming at stock-market short-termism. After considering what the evidence tells us, we consider what political and social reasons could explain the issue's prominence.
5880 ▼a Online resource; title from home page (viewed on January 6, 2023).
590 ▼a WorldCat record variable field(s) change: 050
650 0 ▼a Stock exchanges ▼z United States.
650 0 ▼a Stock exchanges ▼x Data processing.
650 0 ▼a Stocks ▼z United States.
650 0 ▼a Speculation.
650 6 ▼a Actions (Titres de socie?te?) ▼z E?tats-Unis.
650 6 ▼a Spe?culation.
650 7 ▼a speculating. ▼2 aat
650 7 ▼a Economic history. ▼2 fast ▼0 (OCoLC)fst00901974
650 7 ▼a Speculation. ▼2 fast ▼0 (OCoLC)fst01129139
650 7 ▼a Stock exchanges. ▼2 fast ▼0 (OCoLC)fst01133564
650 7 ▼a Stock exchanges ▼x Data processing. ▼2 fast ▼0 (OCoLC)fst01133570
650 7 ▼a Stocks. ▼2 fast ▼0 (OCoLC)fst01133704
651 0 ▼a United States ▼x Economic conditions.
651 6 ▼a E?tats-Unis ▼x Conditions e?conomiques.
651 7 ▼a United States. ▼2 fast ▼0 (OCoLC)fst01204155
655 0 ▼a Electronic books.
655 4 ▼a Electronic books.
77608 ▼i Print version: ▼a Roe, Mark J., 1951- ▼t Missing the target. ▼d New York, NY : Oxford University Press, [2022] ▼z 9780197625620 ▼w (OCoLC)1281135014
85640 ▼3 EBSCOhost ▼u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=3151434
938 ▼a EBSCOhost ▼b EBSC ▼n 3151434
990 ▼a 관리자
994 ▼a 92 ▼b N$T