Prof. Mark J. Roe, Harvard Law School, on Why Stock Market Short-Termism Is Not the Problem

Is market-driven short termism a convenient scapegoat? Jason
Mitchell talks to Professor Mark J. Roe, Harvard Law School, about
why short-termism may not be the problem it’s purported to be, how
the narrative around short-termism has evolved over the past 30
years, and the potential policy solutions. Biography Mark J. Roe is
a professor at Harvard Law School, where he teaches corporate law
and corporate bankruptcy. He is the author of Missing the Target:
Why Stock Market Short-Termism Is Not the Problem (Oxford, 2022),
and one of the most prominent voices in the short-termism debate.
He’s also author of Strong Managers, Weak Owners: The Political
Roots of American Corporate Finance (Princeton, 1994), Political
Determinants of Corporate Governance (Oxford, 2003) and Bankruptcy
and Corporate Reorganization (Foundation, 2014).