Decades of research show that public markets consistently reward short-term signals and discount long-term decisions. The companies that outperform over time make long-term intent explicit so it can be governed, incentivized, and understood by the market.
This working paper explains the research behind that insight and why it sits at the foundation of the Long-Term Stock Exchange (LTSE) and its revolutionary set of 5 SEC-approved Long-term Principles.
LTSE’s 5 differentiating long-term listing principles are rooted in 50 years of research from academics, policymakers, and some of the best business minds in the global capital markets system. This innovative approach to public markets is gaining growing recognition from top minds in finance.
As featured in NACD, LTSE leaders Maliz Beams and Michelle Greene draw on research and survey data showing that boards with long-term governance frameworks are better positioned to balance short-and-long-term pressures and guide companies toward durable value creation, with stronger strategic oversight linked to higher confidence in future competitiveness and more disciplined risk and strategy discussions.
Susan Levitt
LTSE is built to help companies with strong long-term fundamentals succeed in the public markets. Susan brings deep experience working with CEOs and boards to amplify long-term strategy, governance, and incentive alignment—ensuring those strengths are reflected and reinforced through LTSE’s long-term listing principles.