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The horizon vocabulary
Re: Francois Brochet & Georgios Serafeim
Corporate short-termism is negatively associated with the extent to which long-term investors hold a firm's stock, report Francois Brochet, Maria Loumioti and George Serafeim of Harvard Business School in Short-termism, Investor Clientele, and Firm Risk (www.ssrn.com). The authors use conference call transcripts to assess the horizon over which firms communicate with investors.