Saving capitalism from short-termism
Subtitle: how to build long-term value and take back our financial future
By: Alfred Rappaport
Publisher: McGraw-Hill
Published: 2012
Place of publication: New York
Language: eng
Number of pages: 235
ISBN-13: 9780071736367
Subjects: Investment analysis; Capitalism
Description: "Now is the time to redirect your focus from short-term gain to long-term growthAlfred Rappaport, who first introduced the principles and practical application of "shareholder value" in his groundbreaking 1986 classic Creating Shareholder Value, reiterated the basic message in his 2006 Harvard Business Review article: Focusing on Wall Street quarterly earnings expectations rather than on creating long-term value is an invitation to disaster. Rappaport shows how deeply flawed short-term performance incentives for corporate and investment managers were an essential cause of the recent global financial crisis. In Saving Capitalism from Short-Termism, Rappaport examines the causes and consequences of "short-termism" and offers specific recommendations for how publicly traded companies and the investment management community can overcome it. Whether you're a corporate manager, money manager, public policymaker, business-school student, or simply concerned about your financial future, Saving Capitalism from Short-Termism provides valuable insights and practical ideas to change the course of your organization --and contribute to a healthier economy that benefits all"--
Table of contents: title: Machine generated contents note: Introduction; title: Chapter 1: The Rise of Short-Termism; title: Chapter 2: Short-Termism Produces a Financial Crisis; title: Chapter 3: Corporate Short-Termism; title: Chapter 4: Investment Management Short-Termism; title: Chapter 5:: Corporate Long-Term Performance Incentives; title: Chapter 6: Becoming a Long-Term Value-Creating Company; title: Chapter 7: An Overhaul of Corporate Financial Reporting; title: Chapter 8: Long-Term Performance Incentives for Investment Managers.