“We find that executives’ long-termism positively affects corporate ESG performance, and the relationship is strengthened by minority shareholder activism and common institutional ownership.”

[COMMENTARY] It’s often believed that the ‘short-termism’ of many corporate leaders leads to long-term organizational and financial harms. This study, though focused on long-term ESG performance, could lend credibility to that argument.
How executives’ long-termism shapes ESG performance: dual-channel shareholder governance, by Ning Xu, Di Zhang, Guangjian Liu, and Shujun Wang, Journal of Business Research, Volume 210, May 2026, 116175.