On Uneven Ground: How Corporate Governance Prioritizes Short-term Speculative Investments, Impedes Productive Investments, and Jeopardizes Productivity Growth

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Christian E. Weller; Luke Reidenbach;
(2011)
  • Subject: Business investment; corporate governance; short-term speculation; long-term productivity growth

The economic recovery after the Great Recession highlighted a continuous divergence between soaring profits and lagging investment. These trends are related at the corporate level, where corporate managers have stronger incentives to pursue short-term profit-seeking act... View more
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