Marginson, D. and McAulay, L. (2008) Exploring the debate on short-termism: a theoretical and empirical analysis. Strategic Management Journal, 29(3), pp. 273-292. (doi: 10.1002/smj.657)
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Publisher's URL: http://dx.doi.org/10.1002/smj.657
Abstract
The debate on short-termism has focused on the economic factors of capital markets and performance measurement systems. Laverty (1996) has advocated the inclusion of individual and organizational dimensions to extend the debate. We reorient Laverty's extended debate by drawing upon a broad management and accounting literature and thereby develop testable theoretical explanations of short-termism. The resulting hypotheses are tested in a telecommunications company. Our findings provide support for Laverty's (1996) argument that individual and organizational factors are important determinants of short-termism.
| Item Type: | Articles |
|---|---|
| Keywords: | short-termism, role ambiguity, social influence, capital markets, performance measurement |
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Marginson, Prof David |
| Authors: | Marginson, D., and McAulay, L. |
| Subjects: | H Social Sciences > HB Economic Theory |
| College/School: | College of Social Sciences > Adam Smith Business School > Accounting and Finance |
| Journal Name: | Strategic Management Journal |
| ISSN: | 1097-0266 |
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