What is it about?
This paper studies the effectiveness of loyalty shares—shares granting extra dividends or voting rights to shareholders holding them for a specified period of time—in limiting short‐termism.
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Why is it important?
Corporate short‐termism is arguably one of the main causes of economic, social, and environmental unsustainability.
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This page is a summary of: Are loyalty shares an effective antidote against short‐termism? Empirical evidence from Italy, Business Strategy and the Environment, May 2020, Wiley,
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