Socio-economists recognize that market inefficiencies may create incentives for market players to cause stock prices to reflect short-term rather than long-term shareholder value. The financial crisis arguably reflects this phenomenon. This panel will explore the causes of short termism and the pressures and incentives of market intermediaries and corporate managers to engage in myopic behavior. The panel will consider empirical work and various reform proposals to limit short termism, including proposals regarding institutional investors and boards of directors, managerial performance incentives, disclosures based on long-term performance measures, and the significance of corporate social responsibility and sustainability to long-term shareholder value.