Stock Market Short-Termism
Law, Regulation, and Reform
| <p>Includes a forward by Martin Lipton, founding partner of the law firm of Wachtell, Lipton, Rosen & Katz<br></p><p>Provides a detailed examination of the term ‘short-termism’ and its narrower application to the context of stock market investing</p><p>Examines the development of the stock market short-termism concept from the 1970s to its widespread usage post-global financial crisis</p><p>Explores the most significant regulatory and financial industry reforms to address the short-termism problem, and analyzes their effectiveness</p><p>Considers how the problem of short-termism is transmitted into listed companies and the harms of such short-termism</p> |
Contenu
Consideration of harmful short-termism in capital markets is prevalent amongst legal and business academics. It is also garnering increased attention in corporate board rooms and executive suites, and from the investing public. As a result, correcting perceived short-termism in capital markets has become a rationale for reform used by regulators across the globe. Despite the considerable attention given to this phenomenon, there has not yet been a comprehensive book analyzing the perceived short-termism problem, its sources and causes, and reform efforts undertaken to date. This book fills this gap by documenting the rise of the short-termism discussion, analyzing the significance of the problem, and considering the proposed legal remedies. Based on this analysis, a framework for effective short-termism reform is offered.
Informations bibliographiques
juillet 2019, Anglais
PALGRAVE MACMILLAN
9783030229030