skip to primary navigationskip to content
 

Finance & Accounting Group Seminar: "Short-Term Shareholders, Bubbles and CEO Myopia" by John Thanassoulis, University of Oxford

When Jun 11, 2013
from 02:00 PM to 03:30 PM
Where CJBS, Room W2.01
Contact Name
Contact Phone 01223-768386
Add event to calendar vCal
iCal

Abstract:

This paper analyses the real economy effects of firms having some shareholders with a short investment horizon on their shareholder register. Short-term shareholders cause informed management to be concerned with the path of the share price as well as its ultimate value. Such shareholders in an economy lead to bubbles in the prices of key inputs, to the misallocation of firms to risky business models, and to increased costs of capital. For individual firms short-term shareholders induce the Board to reduce deferred incentives in CEO pay prompting CEO myopia and reduced investments in the long-run capabilities of the firm.

« March 2019 »
March
MoTuWeThFrSaSu
123
45678910
11121314151617
18192021222324
25262728293031

RSS Feed Latest news

Winners of the Best Student Paper Award 2018 announced

Aug 21, 2018

Cambridge Finance is proud to announce the winners of the Best student Paper Award for 2017-2018

View all news

Upcoming events

Cambridge Finance Workshop - Alex Frino

May 02, 2019

Room W4.03, Cambridge Judge Business School

Cambridge Finance Workshop - Ernst-Ludwig von Thadden

May 16, 2019

No 10 North (lower ground)

Cambridge Finance Workshop - Mara Faccio

May 30, 2019

Room W4.03 Cambridge Judge Business School

Previous events

Upcoming events