Abstract Short-termism means managers damage the long-term value to promote short-term performance, which is a common problem and can’t be solved thoroughly. This paper focuses on the effectiveness of the board functions to solve the short-termism problem in China. With 182 companies as samples, using hierarchical regression methods, the empirical results indicate that the monitoring of the board of directors may inspire short-termism and the consulting function can inhibit short-term behavior significantly in the long goal oriented enterprises. The study reveals the mechanism of corporate governance affect short-termism behavior, and suggests Chinese enterprises to solve the problem of insufficient long-term innovation by improving consulting function of the board of directors.
HONG Li,XU Zhi-Jian. The Board Function and the Short-termism of the Administrators: Long-goal Orientation As a Moderator. Economic Survey, 2014, 31(3): 097.
2014, Vol. 31 
