Who Owns A Company? Is Investor Short-Termism Affecting Management Decisions?

Andrew Haldane is currently the Chief Economist and Executive Director of Monetary Analysis & Statistics at the Bank of England. Mr. Haldane has written extensively on domestic and international monetary and financial policy issues. Recently, however, he has turned his attention to the corporate side of the equation, asking if investors' short-term focus is having an effect on the long-term performance of companies?

Mr. Haldane's views on this topic were summed up in a speech he gave at the University of Edinburgh Corporate Finance Conference during May 2015, titled, "Who owns a company?" This is . . .

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