Prerequisite: This course is open to those who have taken, or are concurrently taking, Corporations; otherwise, instructor permission is required.
Exam: No Exam
In this 1-credit course, students will examine writings on the problem of corporate short-termism, its consequences and sources, and what policy measures are appropriate. We will study the mechanisms by which stock markets are said to impart a short-term perspective to the public firm, consider conflicting evidence---some of it comparative or economic, and look at why it has been a durable corporate law controversy.
Note: This course will meet for 7 sessions, targeted for February and March (dates TBD).