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Professor Alexander Ljungqvist's joint research on corporate investment is highlighted

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Excerpt from Forbes -- "Financial resources are being diverted from needed investments in innovation. A brilliant study by economists from the Stern School of Business and Harvard Business School, compares the investment patterns of public companies and privately-held firms. They found that, keeping company size and industry constant, private US companies invest nearly twice as much as those listed on the stock market: 7% of total assets versus just 4%."

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