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Profs. Asker and Ljungqvist's research on private vs. public company investments is featured

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Excerpt from The Economist -- "A 2013 study found that publicly quoted companies where executive compensation is linked to the stockmarket invest considerably less than private firms and are less responsive to new investment opportunities. The authors state that 'our results are most consistent with the view that public firms’ investment decisions are affected by managerial short-termism.'”

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