Excerpt

Making the Numbers? ‘Short Termism’ & the Puzzle of Only Occasional Disaster. Rebecca Henderson, November 2, 2010, Paper, "Executives at public companies are always under pressure to "meet the numbers" each quarter, often so much so that they sacrifice long-term investments in order to make everything look rosy in the short term. In this paper, Harvard Business School professor Rebecca M. Henderson and Sloan School of Management professor Nelson P. Repenning set out to reconcile the apparently contradictory strategies of short-term results and long-term investments." Link