[WorldMaker]

In addition to the speed of trades in the market itself is also some determination of the reporting structure of companies within the market. It's taken as de facto market requirement in the existing markets that companies report earnings to shareholders not less than once per quarter year (if not attempt to produce dividends to shareholders each quarter on the dot). Shareholder expectations of those quarterly earnings reports drive a lot of business decisions and subsequently a lot of business thinking seems to be driven by "quarterly thinking" where they'll make decisions that are dumb in the long term but will gain shareholder kudos in the immediate quarter.

I would think that a long-term-focused market could also attempt to control and slow down things like earnings reporting periods and expected investor dividend earnings pay out timings.