Tabla de Contenidos:
  • ""TIME HORIZONS AND TECHNOLOGY INVESTMENTS""; ""Copyright""; ""Preface""; ""Contents""; ""Executive Summary""; ""1 The Issue and the Approach""; ""THE APPROACH AND METHOD OF THE STUDY""; ""DO U.S. CORPORATE EXECUTIVES HAVE SHORT TIME HORIZONS?""; ""MACROECONOMIC EVIDENCE: RELATIVE RATES OF INVESTMENT IN FIXED CAPITAL AND R & D""; ""SUMMARY AND CONCLUSION""; ""2 Explaining Time Horizons and Technology Investments""; ""WHAT IS “NEAR-TERM ORIENTEDâ€? MANAGEMENT AND GOVERNANCE?""; ""THE MECHANICS OF CAPITAL COSTS, RISK, AND THE SPECIAL CHARACTERISTICS OF INVESTMENTS IN TECHNOLOGY DEVELOPMENTS""
  • ""Perspectives on the Cost of Capital""""Financial Markets and Technology Investments""; ""Investment Hurdle Rates and Technology Investments""; ""DETERMINANTS OF COMPANY INVESTMENT TIME HORIZONS""; ""SUMMARY AND CONCLUSION""; ""3 Company Time Horizons and Technology Investments: The Roles of Corporate Governance and Management""; ""THE IMPORTANCE OF GOVERNANCE: THE ROLES OF BOARDS OF DIRECTORS""; ""Boards of Directors' Choices and Time Horizons""; ""Compensation and Selection of Board Members""; ""THE PREROGATIVES OF MANAGEMENT AND CORPORATE TIME HORIZONS""
  • ""The Development and Execution of Corporate Strategy""""Design and Implementation of Career Development Systems and Compensation Schemes""; ""Decision-Making Methods and Performance Measurement""; ""SUMMARY AND RECOMMENDATIONS""; ""4 Time Horizons and Cost of Capital""; ""FINANCIAL MARKETS AND TIME HORIZONS IN THE 1990S""; ""A COMPANY'S CONTROL OVER ITS COST OF CAPITAL""; ""Financial Markets, Technology, and Company Valuation""; ""Time Horizons, Technology Investments, and Ownership Structures""; ""THE ECONOMIC COST OF CAPITAL: NATIONAL DIFFERENCES AS A CRUCIAL ISSUE""
  • ""SUMMARY AND RECOMMENDATIONS""""5 The Influences of Government Investments and Regulatory Policies on Corporate Time Horizons""; ""GOVERNMENT POLICIES AND A STABLE ENVIRONMENT FOR INVESTMENT""; ""The Mixed Impact of Regulation and the Legal Environment""; ""The Government's Role in the Creation of Stable Markets""; ""GOVERNMENT INVESTMENTS, COMPLEMENTARY ASSETS, AND PRIVATE-SECTOR TIME HORIZONS FOR INNOVATION""; ""Infrastructure""; ""Research and Development""; ""Time Horizons and the Public-Sector Investment Portfolio""; ""SUMMARY AND RECOMMENDATIONS""
  • ""6 Summary Argument: Understanding Time Horizons and Technology Investments""""References""; ""Appendix A Cost of Capitalâ€?The Managerial Perspective""; ""ABSTRACT""; ""APPROACH""; ""THE INTERVIEWS""; ""Question 1: Is the Cost of Capital an Important Source of Competitive Disadvantage?""; ""Group 1: Cost of Capital is a Critical Competitive Factor""; ""Group 2: The Cost of Capital Is Not a Major Competitive Factor""; ""Group 3: The Mixed View""; ""Question 2: How Do the Firms that Emphasize the Competitive Impact of the Cost of Capital Manage the Problem?""