# Professor Edward Altman's research in collaboration with Golub Capital

1 October 11, 2016 The Wall Street Journal ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://blogs.wsj.com/cfo/2016/10/10/middle-market-private-company-profit-shrinks/) -- "Mr. [Altman](http://www.stern.nyu.edu/faculty/bio/edward-altman), in the report, said the results show earnings growth is slowing across all sectors when compared to last year. 'While the companies in the middle market are profitable, this is the first quarter since we began tracking this data in 2012 that ebitda was essentially flat on a year-over-year basis,' he said."

[Read more](http://blogs.wsj.com/cfo/2016/10/10/middle-market-private-company-profit-shrinks/)