Corporate Short-Termism in the Fiscal Cliff's Shadow

From Project Syndicate RSS-Feed Thu Dec 20 2012, 04:20:18

Are hyperactive equities markets, particularly in the US and the UK, pushing large corporations to focus disproportionately on short-term financial results at the expense of long-term investments in their countries' economies? Perhaps, but corporate time horizons may have shortened for other reasons - not all of them entirely bad.

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