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| Author: | Davidson, K. |
| Title: | The need for long-term investment in American corporations |
| Journal: | Journal of Business Strategy
1993 : MAR-APR, VOL. 14:2, p. 9-11 |
| Index terms: | INVESTMENT AMERICA COMPANIES |
| Language: | eng |
| Abstract: | Contrary to the conventional wisdom, it's not fluctuations in the stock market that have put the American economy in jeopardy. It's the fact that American firms persist in pursuing short-term profits and high stock prices. Stockholders, who have the power to control corporate managers, could help set things right. They could - and should - insist on pursuing long-term economic growth, rather than seeking shorter-term profits in the stock market that have no direct connection to the corporation's success. |
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