> The idea that stock exchanges provide disincentives for long term strategic planning at public companies Is this really true? Quite many public companies see

> The idea that stock exchanges provide disincentives for long term strategic planning at public companies Is this really true? Quite many public companies seem to innovate in long-term. In fact, to me it feels that private companies are often more short-term, because they don't have access to the liquidity the stock market provides, and therefore they have to generate more revenues short-term.