{"id":"https://openalex.org/W212716720","doi":null,"title":"Does Short-Termism Influence Firm Innovation? an Examination of S&P 500 Firms, 1990-2003","display_name":"Does Short-Termism Influence Firm Innovation? an Examination of S&P 500 Firms, 1990-2003","publication_year":2010,"publication_date":"2010-09-22","ids":{"openalex":"https://openalex.org/W212716720","mag":"212716720"},"language":"en","primary_location":{"id":"mag:212716720","doi":null,"is_oa":false,"landing_page_url":"https://www.jstor.org/stable/20798917","pdf_url":null,"source":{"id":"https://openalex.org/S2764850994","display_name":"Journal of managerial issues","issn_l":"1045-3695","issn":["1045-3695"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","cwts-core"],"host_organization":"https://openalex.org/P4310316206","host_organization_name":"Pittsburg State University","host_organization_lineage":["https://openalex.org/P4310316206"],"host_organization_lineage_names":["Pittsburg State University"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Journal of managerial issues","raw_type":null},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Scott Latham","orcid":"https://orcid.org/0000-0003-1145-4588","observed_orcids":["https://orcid.org/0000-0003-1145-4588"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Scott Latham","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-1145-4588","affiliations":[]},{"author_position":"last","author":{"id":null,"display_name":"Michael Braun","orcid":"https://orcid.org/0000-0001-6957-1838","observed_orcids":["https://orcid.org/0000-0001-6957-1838"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Michael Braun","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-6957-1838","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.1195,"has_fulltext":false,"cited_by_count":21,"citation_normalized_percentile":{"value":0.88840565,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"22","issue":"3","first_page":"368","last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9740999937057495,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9740999937057495,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.00570000009611249,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0032999999821186066,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/short-termism","display_name":"short-termism","score":0.996999979019165},{"id":"https://openalex.org/keywords/business-innovation","display_name":"business innovation","score":0.7490000128746033},{"id":"https://openalex.org/keywords/r-d-investment","display_name":"R&D investment","score":0.7250000238418579},{"id":"https://openalex.org/keywords/market-valuation","display_name":"market valuation","score":0.6150000095367432},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.4350000023841858},{"id":"https://openalex.org/keywords/r-d-intensity","display_name":"R&D intensity","score":0.7720000147819519},{"id":"https://openalex.org/keywords/s-p-500-firms","display_name":"S&P 500 firms","score":0.8109999895095825},{"id":"https://openalex.org/keywords/long-term-competitive-advantage","display_name":"long-term competitive advantage","score":0.7049999833106995},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.3889999985694885},{"id":"https://openalex.org/keywords/intangible-assets","display_name":"intangible assets","score":0.49399998784065247},{"id":"https://openalex.org/keywords/firm-characteristics","display_name":"firm characteristics","score":0.31299999356269836},{"id":"https://openalex.org/keywords/r-d-productivity","display_name":"R&D productivity","score":0.3619999885559082},{"id":"https://openalex.org/keywords/r-d-efficiency","display_name":"R&D efficiency","score":0.3630000054836273}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.49976372718811035},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.4801463782787323},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.46983644366264343},{"id":"https://openalex.org/C58546491","wikidata":"https://www.wikidata.org/wiki/Q1150207","display_name":"Competitive advantage","level":2,"score":0.4365875720977783},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.42210423946380615},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.389508455991745},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.34970274567604065},{"id":"https://openalex.org/C39549134","wikidata":"https://www.wikidata.org/wiki/Q133080","display_name":"Public relations","level":1,"score":0.32954785227775574},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.15627345442771912},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:212716720","doi":null,"is_oa":false,"landing_page_url":"https://www.jstor.org/stable/20798917","pdf_url":null,"source":{"id":"https://openalex.org/S2764850994","display_name":"Journal of managerial issues","issn_l":"1045-3695","issn":["1045-3695"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","cwts-core"],"host_organization":"https://openalex.org/P4310316206","host_organization_name":"Pittsburg State University","host_organization_lineage":["https://openalex.org/P4310316206"],"host_organization_lineage_names":["Pittsburg State University"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Journal of managerial issues","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":38,"referenced_works":["https://openalex.org/W1484923870","https://openalex.org/W1537430431","https://openalex.org/W1544617770","https://openalex.org/W1965915240","https://openalex.org/W1970732608","https://openalex.org/W1973319405","https://openalex.org/W1975095643","https://openalex.org/W1982213224","https://openalex.org/W2001956398","https://openalex.org/W2013612202","https://openalex.org/W2024812403","https://openalex.org/W2030532762","https://openalex.org/W2034120210","https://openalex.org/W2037079167","https://openalex.org/W2047613997","https://openalex.org/W2056238342","https://openalex.org/W2062870697","https://openalex.org/W2067868909","https://openalex.org/W2074437009","https://openalex.org/W2075773523","https://openalex.org/W2082841750","https://openalex.org/W2088006783","https://openalex.org/W2089307850","https://openalex.org/W2101946146","https://openalex.org/W2108817771","https://openalex.org/W2112870230","https://openalex.org/W2116070274","https://openalex.org/W2128896393","https://openalex.org/W2133469585","https://openalex.org/W2140956556","https://openalex.org/W2146024951","https://openalex.org/W2147279760","https://openalex.org/W2164242109","https://openalex.org/W2164540609","https://openalex.org/W2166311523","https://openalex.org/W2324392187","https://openalex.org/W2614893372","https://openalex.org/W3122984618"],"related_works":["https://openalex.org/W2965987411","https://openalex.org/W1802002274","https://openalex.org/W6980765827","https://openalex.org/W2122007741","https://openalex.org/W2128896393","https://openalex.org/W2773804718","https://openalex.org/W2783602333","https://openalex.org/W3040896575","https://openalex.org/W4403911238","https://openalex.org/W2800173871"],"abstract_inverted_index":{"The":[0,128],"relationship":[1,47,255,368,459],"between":[247],"firm":[3,121,347,480],"performance":[4,28,111,183],"and":[5,38,43,80,145,205,222,232,245,259,292,328,332,351,355,359,373,380,405,464],"managerial":[146],"behavior":[7],"is":[8,17,48,268,319],"one":[9,65,340],"of":[10,119,185,196,211,234,311,395],"considerable":[11,264],"interest":[12],"to":[13,70,107,164,180,321,418,445,478,488],"strategy":[14],"scholars,":[15],"as":[16,78,337,339],"evident":[18],"in":[19,36,61,74,91,105,156,343,384,449],"the":[20,98,117,120,153,160,176,190,194,203,208,230,254,274,284,304,309,367,370,392,416,434,461,476],"management":[21],"literature.":[22],"One":[23],"particular":[24],"research":[25,237,271,327,388],"stream":[26],"concerns":[27],"outcomes":[29,90],"arising":[30],"from":[31,50,379],"capabilities":[32],"developed":[33],"through":[34],"investment":[35],"tangible":[37],"intangible":[39],"assets":[40],"(e.g.,":[41,349,403],"Dierckx":[42],"Cool,":[44],"1989).":[45],"This":[46,298,468],"intriguing":[49],"a":[51,92,315,322,399,458,484],"practical":[52],"standpoint":[53],"because":[54],"it":[55],"can":[56],"be":[57],"fraught":[58],"with":[59,152,175,257],"tensions":[60],"decision-making;":[63],"on":[64,253,286,314,391,398,415],"hand,":[66],"managers":[67,163,179,242,288,439],"are":[68,243],"driven":[69],"invest":[71],"current":[72,103],"resources":[73,104],"risky":[75],"endeavors,":[76],"such":[77],"advertising":[79],"capital":[81,191,371,462],"expenditures,":[82],"which":[83,419,479],"may":[84,86],"or":[85,94,443],"not":[87],"yield":[88],"expected":[89],"near":[93],"distant":[95],"future.":[96],"On":[97],"other,":[99],"they":[100],"must":[101],"conserve":[102],"efforts":[106,383,455],"deliver":[108],"short-term":[109,182,290],"financial":[110],"goals":[112],"for":[113,162,168,178],"stakeholders":[114],"who":[115],"measure":[116],"value":[118,421],"(and":[122],"ability)":[124],"by":[125,277,307,346,473],"bottom-line":[126],"results.":[127],"preceding":[129,305],"conundrum":[130],"has":[131,198,389],"been":[132],"coined":[133],"short-termism":[197],"(Laverty,":[135],"1996),":[136],"corporate":[137],"myopia":[138,142,147],"(Feinberg,":[139],"1995),":[140],"business":[141],"(Jacobs,":[143],"1991),":[144],"(Miller,":[148],"2002;":[149],"Stein,":[150],"1989),":[151],"underlying":[154,209],"tension":[155],"decision-making":[157],"implied":[158],"that":[159,228,239,262,272,318,341],"need":[161,177],"make":[165],"investments":[166],"necessary":[167],"building":[169],"long-term":[170,293,324,427],"competitive":[171,294],"advantage":[172,295],"often":[173],"conflicts":[174],"meet":[181],"expectations":[184],"key":[186],"external":[187,213],"constituencies,":[188],"particularly":[189],"markets.":[192],"While":[193,362],"topic":[195],"received":[199,219],"significant":[200],"attention":[201],"within":[202,303],"popular":[204],"academic":[206],"literature,":[207],"dynamics":[210],"how":[212,287],"pressures":[214],"drive":[215],"decisions":[217,423],"have":[218,412,456],"less":[220],"empirical":[221],"theoretical":[223],"attention.":[224],"Indeed,":[225],"Laverty":[226],"states":[227],"Despite":[229,263],"duration":[231],"prominence":[233],"this":[235,376,431],"debate,":[236,265],"conclusions":[238],"would":[240],"guide":[241],"few":[244,363],"far":[246],"(2004:":[248],"950).":[249],"More":[250],"recent":[251],"observations":[252],"concur,":[256],"Marginson":[258],"McAulay":[260],"observing":[261],"however,":[266],"there":[267],"surprisingly":[269],"little":[270],"answers":[273],"questions":[275],"raised":[276],"these":[278,410,471],"arguments":[279],"(2008:":[280],"273).":[281],"In":[282,429],"general,":[283],"debate":[285,306],"reconcile":[289],"results":[291],"remains":[296],"equivocal.":[297],"paper":[299],"offers":[300],"several":[301,385],"contributions":[302],"examining":[308,366,474],"influence":[310],"market":[312,401,446,481],"valuations":[313,482],"discretionary":[316,487],"item":[317],"central":[320],"firm's":[323,400],"competitiveness,":[325],"namely":[326,490],"development":[329],"(RD":[330],"Ito":[331],"Pucik,":[333],"1993;":[334,353],"Franko,":[335],"1989)":[336],"well":[338],"is,":[342],"turn,":[344],"influenced":[345],"characteristics":[348],"Long":[350],"Ravenscraft,":[352],"Hoskisson":[354,358],"Johnson,":[356],"1992;":[357],"Hitt,":[360],"1988).":[361],"studies":[364,411],"exist":[365],"markets":[372,463],"innovation":[374,396],"activities,":[375],"study":[377,432,469],"differs":[378],"extends":[381],"those":[382],"ways.":[386],"Past":[387],"focused":[390,414],"unidirectional":[393],"effects":[394],"activities":[397],"valuation":[402,447],"Woolridge":[404],"Snow,":[406],"1990).":[407],"As":[408],"such,":[409],"explicitly":[413],"extent":[417,477],"investors":[420],"geared":[424],"towards":[425],"creating":[426],"value.":[428],"contrast,":[430],"examines":[433],"opposite":[435],"relationship,":[436],"specifically":[437],"whether":[438],"take":[440],"into":[441],"account":[442],"react":[444],"indicators":[448],"their":[450],"decision-making.":[451],"Furthermore,":[452],"while":[453],"limited":[454],"confirmed":[457],"RD":[465,491],"Bushee,":[466],"1998).":[467],"complements":[470],"works":[472],"directly":[475],"impact":[483],"strategic":[485],"tool":[486],"management,":[489],"Grinyer":[492],"et":[493],"al.":[494],"\u2026":[495]},"counts_by_year":[{"year":2024,"cited_by_count":3},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}