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Author:Marginson, D.
McAulay, L.
Title:Exploring the debate on short-termism: A theoretical and empirical analysis
Journal:Strategic Management Journal
2008 : MAR, VOL. 29:3, p. 273-292
Index terms:strategic management
strategic planning
capital markets
roles
telecommunications industry
Freeterms:short-term financing
social influence
Language:eng
Abstract:In the debate on short-termism (hereafter as: s-trsm.), the focus has been on the economic factors of capital markets and performance measurement systems. This study redirects Laverty's (1996) extended debate by drawing on a broad management and accounting literature, thereby developing testable theoretical explanations of s-trsm. The resulting hypotheses are tested in a telecommunications company. There is support found for Laverty's argument that individual and organizational factors are important determinants of s-trsm.
SCIMA record nr: 268429
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