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| Author: | Laverty, K. J. |
| Title: | Economic short termism: the debate, the unresolved issues and the implications for management practice and research (Wirtschaftsentwicklung) |
| Journal: | Academy of Management Review
1996 : JUL, VOL. 21:3, p. 825-860 |
| Index terms: | |
| Freeterms: | USA, INVESTITIONSPOLITIK, LANGFRISTIGE UNTERNEHMENSPLANUNG |
| Language: | eng |
| Abstract: | There is a widespread claim that USA firms are unwillig or unable to make investments that are necessary for the future but that require a sacrifice of short term profits. This economic short termism places USA firms at a competitive disadvantage with respect to overseas competitors, particularly from Japan and Germany. The author presents a framework that addresses organizational and individual as well as economic perspectives. He reviews concepts, analysis and evidence, and suggests a cross-discipline, multilevel reserach agenda for understanding this vital topic. |
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