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Prof. Alexander Ljungqvist's research on private vs. public company investments is featured

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Excerpt from The Washington Post -- "Alexander Ljungqvist, one of the authors of that study and an economist at New York University, said that investors are not necessarily at fault for the inertia at public firms. When the leadership of a publicly traded corporation becomes aware of a new opportunity to invest, they have to find a way to explain their plans to shareholders without divulging any sensitive information their competitors can use against them, he noted. That could be one reason why public firms hesitate to invest."

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Additional coverage appeared on The Washington Post.