Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
Do Capital Markets Punish Managerial Myopia? Evidence from Myopic R&D Cuts
Jamie Yixing Tong and Feida (Frank) Zhang ♦ The extant literature provides conflicting arguments — and mixed results — on whether capital markets punish managerial myopia. Using managers’ cutting R&D to meet short-term earnings goals as a research setting, this…