A Behavioral Understanding of Investment Horizon and Firm Performance
Organization Science, Volume 27, Issue 5, 2016, Pages 1202-1218.
Observers have argued that firms overly emphasize short-term results at the expense of long-run value. Using a behavioral perspective, we analyze three hypotheses related to this general argument. First, we examine the association of investment time horizons with firm performance, contributing new theory that argues for a quadratic rather...More
Full Text (Upload PDF)