Essays about: "Managerial Myopia"

Found 4 essays containing the words Managerial Myopia.

  1. 1. Institutional Investors and Corporate Decision-Making: An investigation of the relationship between institutional ownership and R&D investments

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : David Le; Carl Sörnäs; [2018]
    Keywords : R D; Institutional Investors; Investment Horizon; Myopia; Monitoring;

    Abstract : In this paper we investigate the impact of institutional ownership on long-term corporate decision-making by analysing the relationship between institutional investment horizon and research and development (R&D) investments. Some critics argue that institutional investors put pressure on corporate boards to meet short-term objectives and therefore contribute to managerial myopia and obstruct long-term investments, which could be crucial for sustainable value creation. READ MORE

  3. 2. The impact of corporate governance provisions on R&D intensity:a closer look at corporate governance in an internationalperspective

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : David Weeder; [2018]
    Keywords : Firm internationalization; corporate governance; governance provisions; research and development investment; managerial entrenchment; managerial myopia;

    Abstract : Using panel data analysis, this paper considers the impact of governance provisions on firm’sR&D investment decisions. The current paper also contributes to the literature on corporategovernance and innovation by introducing an interaction dimension which captures theinfluence that internationalization of U.S. READ MORE

  4. 3. Accretive Share Repurchases and Equity Vesting

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Ludvig Kapanen; Oliver Ström; [2017]
    Keywords : Short-Termism; CEO Incentives; Share Repurchases; Regression Discontinuity; Managerial Myopia;

    Abstract : We investigate the connection between the discontinuous probability of making accretive repurchases around the zero EPS surprise threshold and the sensitivity of upcoming CEO equity compensation value to the underlying stock price. Our study is performed using data from S&P 1,500 companies between 2006-2015. Following Almeida et al. READ MORE

  5. 4. Action without Vision? : An Investigation on whether Frequency of Mandatory Financial Reporting affects Managment Focus on Long-term Growth

    University essay from Stockholms universitet/Företagsekonomiska institutionen

    Author : Marie Wennergren; Therése Wentser; [2014]
    Keywords : Financial reporting; managerial myopia; earnings management; NASDAQ OMX Nordic;

    Abstract : This thesis aims to investigate whether frequency of mandatory financial reporting affects management focus on long-term growth. Evidence from the market has illustrated how managers within listed firms sometimes strive to meet market expectations on the latest reported earnings regardless of long-term consequences (see for example Graham, Harvey & Rajgopal, 2005; Grinyer, Russell & Collison, 1998). READ MORE