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Economic Commentary

Why U.S. Managers Might Be More Short-run Oriented Than the Japanese

A decade ago, some business analysts began to accuse U.S. managers of concentrating too much on current profits and too little on enhancing their firms’ long-run prospects. The implication of this alleged corporate myopia is that American companies would gradually become less competitive and less profitable relative to their foreign counterparts (particularly Japanese firms), which are thought to be more long-run oriented.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Anderson, Gerald. 1991. “Why U.S. Managers Might Be More Short-run Oriented Than the Japanese.” Federal Reserve Bank of Cleveland, Economic Commentary 11/1/1991.