Hvad er egentlig forskellen på short-termism og long-termism?

Forskningspapir forsøger at kvalificere debatten om henholdsvis short-termism og long-termism. Udgangspunktet er, at der stilles spørgsmål ved, hvordan man overhovedet skal definere begreberne, og hvad debatten skal handle om. Hvad er afgørende for definitionen: ”Investor behavior (e.g., short-term traders versus long-term holders). Investor objectives (e.g., increases in portfolio value in the short-term at the cost of foregoing better long- term fund performance). Corporate behavior (e.g., focusing on short-term profitability to meet or better quarterly performance goals to the detriment of greater long-term profitability), or corporate objectives and strategy (e.g., engaging in financial engineering to generate short-term value creation, thereby precluding long-term investment in building the business through research and development, improved plants and production methods or product and market expansion)? In this post we offer some observations on the debate, as well as its rhetoric and assumptions, in an effort to bring some clarity to the topic, identify the important issues and resolve at least some of them.”