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Выявление недостатков современной международной финансовой и учетной практики посредством проведения анализа явления «шорт-термизм» // Limitations of Modern International Finance and Accounting Practices through Analysis of Short-Termism

Author

Listed:
  • S. Erofeeva E.

    (ACCA)

  • I. Yurasova O.

    (Financial University)

  • С. Ерофеева Е.

    (ACCA)

  • И. Юрасова О.

    (Финансовый университет)

Abstract

This paper is devoted to analysis of short-termism in its influence on modern international finance and accounting practices. One might say that short-termism is a problem of a particular company and the market should correct this inefficiency in a usual way. However, many analysts and scientists suggest that it is problem of the society as well. Short-termism is not a recent issue in the world of finance and accounting, however, there are not many extensive researches available. The topic became more popular after 2008-2009 when financial crisis hit the financial world and made professionals analyze what went wrong, at what stage and why. The overview of main views on the issue is provided in the article. Main causes of focus on short-term outlook are reasoned in this work. Formal foundation of short-termism and main disadvantages of it is disclosed. In order to mitigate negative impact of short-termism it is recommended to implement three-part model. Статья посвящена анализу явления «шорт-термизм» и его влиянию на современную международную финансовую и учетную практику. Можно считать, что шорт-термизм является проблемой конкретной компании, и эта проблема будет скорректирована рынком в стандартном порядке. Однако многие ученые и практики предполагают, что это проблема всего общества. Шорт-термизм не новое явление в мировых финансах и учете, однако сейчас не существует достаточного количества исследований в этой области. Данная проблематика стала более популярной после 2008-2009 гг., когда кризис настиг финансовую сферу и заставил профессионалов начать анализировать, что же пошло не так, когда и почему. В данной статье представлен обзор основных взглядов на проблему, рассмотрены основные причины и недостатки шорт-термизма и рекомендована трехуровневая модель для преодоления негативных последствий данного явления.

Suggested Citation

  • S. Erofeeva E. & I. Yurasova O. & С. Ерофеева Е. & И. Юрасова О., 2017. "Выявление недостатков современной международной финансовой и учетной практики посредством проведения анализа явления «шорт-термизм» // Limitations of Modern International Finance and Accounting Practi," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 5(4), pages 54-61.
    • Handle: RePEc:scn:00rbes:y:2017:i:4:p:54-61
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    References listed on IDEAS

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