A more recent study from McKinsey in a similar vein: https://www.mckinsey.com/~/media/McKinsey/Featured%20Insights/Long%20term%20Capitalism/Where%20companies%20

A more recent study from McKinsey in a similar vein: https://www.mckinsey.com/~/media/McKinsey/Featured%20Insights/Long%20term%20Capitalism/Where%20companies%20with%20a%20long%20term%20view%20outperform%20their%20peers/MGI-Measuring-the-economic-impact-of-short-termism.ashx https://www.mckinsey.com/~/media/McKinsey/Featured%20Insight.... Of interest, on page 2 there is a survey result: "87% of executives and directors feel most pressured to demonstrate strong financial performance within 2 years or less", and "55% of executives and directors at companies without a strong long-term culture say their company would delay a new project to hit quarterly targets even if it sacrificed some value".