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Are loyalty shares an effective antidote against short-termism?, Paperback / softback Book

Are loyalty shares an effective antidote against short-termism? Paperback / softback

Paperback / softback

Out of stock

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Corporate short-termism is arguably one of the main causes of economic, social and environmental unsustainability.

This paper studies the effectiveness of loyalty shares - shares granting extra dividends or voting rights to shareholders holding them for a specified period of time - in limiting short-termism.

The results confirm that, after loyalty shares issuance, companies manage earnings to a lower extent.

Interpretation of the evidence supports the main hypothesis that loyalty shares can serve as an antidote against short termism.

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£33.12

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