The Short-Termism Project, operated by the Harvard Law School Program on Corporate Governance and the Harvard Law School Program on Law and Finance, seeks to foster research, discourse, and education with respect to short-termism.
Research studies on the subject by faculty and fellows associated with the Programs includes:
Stock Market Short-Termism’s Impact
Mark Roe
Harvard Public Law Working Paper No. 18-28 (2018)
Are Buybacks Shortchanging Investment?
Jesse M. Fried and Charles C.Y. Wang
Harvard Business Review, 88-95 (2018)
Who Bleeds When the Wolves Bite? A Flesh-and-Blood Perspective on Hedge Fund Activism and Our Strange Corporate Governance System
Leo E. Strine, Jr.
126 Yale Law Journal, 1870-1971 (2017)
Corporate Power is Corporate Purpose I: Evidence from My Hometown
Leo E. Strine, Jr.
33 Oxford Review of Economic Policy, 176–187 (2017)
Short-Termism and Shareholder Payouts: Getting Corporate Capital Flows Right
Jesse M. Fried and Charles C. Y. Wang
8 Review of Corporate Finance Studies, 207-233 (2019)
Securing Our Nation’s Economic Future: A Sensible, Nonpartisan Agenda to Increase Long-Term Investment and Job Creation in The United States
Leo E. Strine, Jr.
71 Business Lawyer, 1081-112 (2016)
The Long-Term Effects of Hedge Fund Activism
Lucian A. Bebchuk, Alon Brav, and Wei Jiang
115 Columbia Law Review, 1085-1156 (2015)
The Uneasy Case for Favoring Long-Term Shareholders
Jesse M. Fried
124 Yale Law Journal, 1554-1628 (2015)
Can We Do Better by Ordinary Investors? A Pragmatic Reaction to the Dueling Ideological Mythologists of Corporate Law
Leo E. Strine, Jr.
114 Columbia Law Review, 449-502 (2014)
Corporate Short-Termism—In the Boardroom and in the Courtroom
Mark J. Roe
68 The Business Lawyer, 977-1006 (2013)
The Myth That Insulating Boards Serves Long-Term Value
Lucian A. Bebchuk
113 Columbia Law Review, 1637-1694 (2013)
How to Fix Bankers’ Pay
Lucian Bebchuk
139 Daedalus, 52-60 (2010)
Paying for Long-Term Performance
Lucian A. Bebchuk and Jesse M. Fried
158 University of Pennsylvania Law Review, 1915-1960 (2010)
How to Tie Equity Compensation to Long-Term Results
Lucian A. Bebchuk, Jesse M. Fried
22 Journal of Applied Corporate Finance, 99-106 (2010)
