Showing results 1 - 5 of 5
| Mark Roe | Robert Pozen
Six Months Isn’t ‘Long Term’. Robert Pozen, Mark Roe, August 20, 2018, Opinion, "President Trump tweeted on Friday that he had directed the Securities and Exchange Commission to study a suggestion from a business leader, later revealed as outgoing Pepsi CEO Indra Nooyi: “Stop quarterly reporting & go to a six month system.” The popular..."…
| Robert Pozen
Impact of Reporting Frequency on UK Public Companies. Robert Pozen, 2017, Paper, "Beginning in 2007, UK public companies were required to issue quarterly, rather than semiannual, financial reports. But the UK removed this quarterly reporting requirement in 2014. We studied the effects of these regulatory changes on UK public companies and found that the frequency of financial reports had no material impact on levels of corporate investment.…
| Mark Roe | Robert Pozen
Those Short-Sighted Attacks on Quarterly Earnings. Robert Pozen, Mark Roe, , October 7, 2015, Opinion. "The clamor against so-called corporate short-term thinking has been steadily rising, with a recent focus on eliminating the quarterly earnings report that public firms issue. Quarterly reports are said to push management to forgo attractive long-term projects to meet the expectations of investors and traders who want smooth, rising earnings…
| Robert Pozen
The Other Debt Bomb in Public-Employee Benefits, Robert C. Pozen, January 16, 2015, Opinion, Public-pension funds have garnered attention in recent years for being underfunded, but a more precarious situation has received much less notice: health-care obligations for public retirees. Unlike pension plans, governments are not required to contribute to separate trusts to support health-care promises. As a result, only 11 states have funded more…
| Robert Pozen
Hits and Misses On Money Market Reforms. Robert Pozen, June 25, 2013, Opinion. "Many U.S. regulators view money market funds as a key source of systemic risk because of what happened to the Primary Reserve Fund during the 2008 financial crisis. When that Fund's holdings in the commercial paper of Lehman Brothers went south, the Fund "broke the buck" -- leading other investors to redeem the shares of similar money market funds, even if they did…