kaal:claim:2922176-014

Stewardship pressures push companies toward an unhealthy focus on short-term dividends and share buybacks designed to please the stock market, the opposite of the long-term orientation the codes intend.

Source quote, verbatim

Indeed, stewardship pressures often expose companies to an unhealthy focus on short-term dividends and share buybacks designed to please the stock market.

From

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, The ‘Unmediated’ and ‘Tech-Driven’ Corporate Governance of Today's Winning Companies (2017), IV. Limits of Corporate Governance Reform, p. 20
https://ssrn.com/abstract=2922176 · source PDF

Cite as

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, The ‘Unmediated’ and ‘Tech-Driven’ Corporate Governance of Today's Winning Companies (2017). SSRN: https://ssrn.com/abstract=2922176

Holds when

companies subject to institutional investor stewardship pressure

Classification

failuresupport: arguedfailure: stewardship induced payout pressurefamily: short-termismrisk-and-incentives

Verify

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Attestation record: colloquium/attestations/c50c8008827b3d3f...json
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