Article ID: | iaor19981607 |
Country: | United Kingdom |
Volume: | 9 |
Issue: | 1 |
Start Page Number: | 13 |
End Page Number: | 22 |
Publication Date: | Mar 1998 |
Journal: | British Journal of Management |
Authors: | Grinyer John, Russell Alex, Collison David |
Keywords: | organization |
This paper considers an aspect of possible managerial short-termism in the UK. It discusses some potential motivations for that phenomenon and presents evidence which suggests that short-termism exists and is positively associated with managerial perceptions of capital market valuation practices. Two hypotheses were developed and tested using the responses concerning R&D expenditure obtained from a postal questionnaire sent to the finance directors of the