haku: @author Demirag, I. / yhteensä: 7
viite: 6 / 7
Tekijä: | Demirag, I. Tylecote, A. Morris, B. |
Otsikko: | Accounting for financial and managerial causes of short-term pressures in British Corporations |
Lehti: | Journal of Business Finance and Accounting
1994 : DEC, VOL. 21:8, p. 1195-1214 |
Asiasana: | ACCOUNTING UNITED KINGDOM ECONOMICS |
Kieli: | eng |
Tiivistelmä: | Short-term pressures are defined and a distinction drawn between external S-TP, mainly from shareholders, and internal S-TP, from top management. A conceptual framework for analysing S-TP is developed and empirical evidence for their existence reviewed. Although certain crude formulations of the argument for short-termism are rejected, evidence is found for the existence of both types of S-TP in the UK. Excessive diversification, particularly by acquisition, exacerbates S-TP. |
SCIMA