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The Real Reasons Companies Are So Focused on the Short Term | Harvard Business Review

And why pleading with CEOs to change won’t work.

"a study by Rachelle Sampson and Yuan Shi found that company short-termism is negatively correlated with innovativeness, measured as RQ (“research quotient,” a measure of the return on R&D investments). Investors punish companies with a short-term orientation by applying higher discount rates to them,...

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