Constraints and incentives for making long horizon corporate investments (Record no. 40990)
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| 001 - CONTROL NUMBER | |
| control field | 1111115434941 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190211180151.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 111111s2010 xx ||||gr |0|| 0 eng d |
| 999 ## - SYSTEM CONTROL NUMBERS (KOHA) | |
| Koha Dewey Subclass [OBSOLETE] | PHL2MARC21 1.1 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | eng |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | SOUDER, David |
| 9 (RLIN) | 45389 |
| 245 10 - TITLE STATEMENT | |
| Title | Constraints and incentives for making long horizon corporate investments |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | U.S.A : |
| Name of publisher, distributor, etc. | Wiley-Blackwell, |
| Date of publication, distribution, etc. | dec. 2010 |
| 520 3# - SUMMARY, ETC. | |
| Summary, etc. | This paper examines the conditions under which firms make long horizon investments (i.e., investments that take a long period of time to pay off). We predict firms are constrained from making long horizon investments when short-term performance is poorand this effect is especially pronounced for young firms. Moreover, we argue that when managers hold high levels of exercisable stock options, their firms are less likely to make long-term investments. However, firms are more likely to pursue long horizon investments when managerial stock options are not yet exercisable. Based on analysis of investments made by cable television operators from 19721996, we find support for these predictions. In addition to enhancing our understanding of investment choices, these resultsderived from the temporally focused analysis of an investment's payoff horizonsuggest that payoff horizon is an important investment attribute in its own right and should be analyzed distinctly from and in addition to other aspects of investments, such as expected return and risk. Copyright © 2010 John Wiley & Sons, Ltd |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | SHAVER, J. Myles |
| 9 (RLIN) | 22885 |
| 773 08 - HOST ITEM ENTRY | |
| Title | Strategic Management Journal |
| Related parts | 31, 12, p. 1316-1337 |
| Place, publisher, and date of publication | U.S.A : Wiley-Blackwell, dec. 2010 |
| International Standard Serial Number | ISSN 01432095 |
| Record control number | |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Periódico |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20111111 |
| Operator's initials, OID (RLIN) | 1543^b |
| Cataloger's initials, CIN (RLIN) | Geisneer |
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