{"id":"W3123466493","doi":"10.1002/smj.2629","title":"Does a long‐term orientation create value? Evidence from a regression discontinuity","year":2016,"lang":"en","type":"article","venue":"Strategic Management Journal","topic":"Corporate Finance and Governance","field":"Business, Management and Accounting","cited_by":640,"is_retracted":false,"has_abstract":true,"ca_institutions":"Western University","funders":"","keywords":"Incentive; Regression discontinuity design; Shareholder; Business; Executive compensation; Shareholder value; Stock (firearms); Stakeholder; Enterprise value; Natural experiment; Principal–agent problem; Finance; Microeconomics; Industrial organization; Accounting; Corporate governance; Economics","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"codex-gemma-dda1882f352a","candidate_categories":["insufficient_payload"],"consensus_categories":[],"category_scores_codex":[0.000492002,0.0002769858,0.0002377972,0.0001585429,0.0003104847,0.0007037633,0.0004686435,0.00005593062,0.001035003],"category_scores_gemma":[0.00002761162,0.0001305492,0.0001338141,0.0003231775,0.00006959058,0.002628717,0.0001718296,0.0001621043,0.0003373365],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.00009209799,"about_ca_system_score_gemma":0.00002638854,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.0002003739,"about_ca_topic_score_gemma":0.0001779656,"domain_scores_codex":[0.9980763,0.00003072664,0.0004563857,0.0004522255,0.0005795899,0.0004047778],"domain_scores_gemma":[0.9985803,0.00004473525,0.0008420754,0.0003639884,0.0001359193,0.00003297912],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"observational","study_design_gemma":"observational","study_design_scores_codex":[0.0005943652,0.0001708069,0.8944386,0.0002388794,0.000171608,0.001005307,0.00007847999,0.00001062678,0.002155044,0.06306487,0.002276757,0.0357946],"study_design_scores_gemma":[0.001737623,0.00002887402,0.7975713,0.003097552,0.0001951216,0.000006453064,0.0002362709,0.00008065955,0.0001195524,0.1951497,0.001360481,0.0004164017],"study_design_candidate":"observational","study_design_consensus":"observational","genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9750398,0.0001245083,0.003731067,0.002440395,0.001400872,0.0002770511,0.000009582473,0.00007875618,0.01689795],"genre_scores_gemma":[0.9923674,0.0009883589,0.0002099563,0.0003083435,0.00182906,0.00001805016,0.000007508162,0.00002289823,0.004248444],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.1320848,"threshold_uncertainty_score":0.9998782,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.03408103495853694,"score_gpt":0.2626524122906783,"score_spread":0.2285713773321414,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}