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Should the SEC Guide Corporations’ Long-Term Planning?

Should the SEC Guide Corporations’ Long-Term Planning?
A view of the Securities and Exchange Commission headquarters in Washington, DC, on May 3, 2013. Brendan Smialowski/AFP/Getty Images
Mark Hendrickson
Mark Hendrickson
contributor
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Commentary
Today, the U.S. Securities and Exchange Commission (SEC) will hold a roundtable discussion to address “short-termism”—the notion that “an undue focus on short-term results among companies may lead to inefficient allocation of capital, reduce long-term returns for Main Street investors, and encumber economic growth.”
Mark Hendrickson
Mark Hendrickson
contributor
Mark Hendrickson is an economist who retired from the faculty of Grove City College in Pennsylvania, where he remains fellow for economic and social policy at the Institute for Faith and Freedom. He is the author of several books on topics as varied as American economic history, anonymous characters in the Bible, the wealth inequality issue, and climate change, among others.
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