Prominent investors3 often complain that companies are overly focused on quarterly results.4 In fact, some jurisdictions have been debating whether to lift the quarterly reporting requirement for listed firms.
Large pension schemes (such as the Japanese government pension investment fund, the California teachers’ pension system and the Universities Superannuation Scheme in the UK) have publicly stated that they prefer to partner with asset managers who focus on long-term sustainability. A Long-Term Stock Exchange has recently been launched in the United States.