Does measuring long-term success actually destroy the long term?
In short: Professor Michael Mainelli explores a fundamental paradox in finance: the tension between the necessity of measurement for governance and the risk that short-term metrics undermine long-term goals. This lecture examines how to reform financial performance management.
The core dilemma presented is that while finance advocates for moving away from short-termism, measurement is the primary tool for governance, control, and management. Mainelli questions whether prioritizing 'long' perspectives requires abandoning measurement entirely, or if the act of measurement itself inherently favors the immediate over the enduring.
The session explores potential reforms for long-term measures in finance, seeking a balance that allows for scientific and commercial oversight without sacrificing the health of long-term objectives.
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Sources
- Summary by Intellect · source: Long Term Performance Management in Finance: Closing Remarks - Professor Michael Mainelli
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