Harvard Business Review

DECEMBER 1, 2011

Much has been made in recent years about the pernicious influence of short-term investors on corporate performance. The short-term investor does not reduce the firm's long-term competitiveness and value;short-term management does. Indirectly though, these short-term traders can destroy value.

Short-term 14

Short-term Hostile Takeover Long-term Management 14

Harvard Business Review

NOVEMBER 19, 2015

This can be quantified by analyzing the extent to which the share prices of S&P 500 firms are driven by a firm’s present value of future growth options (PVGO) rather than cash flow from current operations. Scale should help build influence in highly malleable environments. Our research shows that U.S.

Company 8

Company Succession Maturity Long-term 8

Harvard Business Review

MARCH 23, 2015

They’re essentially asking the company to take the cash it has generated through its business operations and spend it on something with an uncertain future return. Do you think they’re going to do a net present value (NPV) analysis that shows they don’t need that computer? Finance & Accounting Influence'

Finance 8

Finance NPV CFO ROI 8

Harvard Business Review

OCTOBER 3, 2011

The research in this area points to three salient points: First, the value of the business is the present value of future cash flows. A CEO who doesn't take the time to understand markets is at risk of being influenced by individuals who have incentives that are not aligned with the goals of the company. Communication.

Short-term 12

Short-term Long-term Price CEO 12