Experience Stern | News & Events

Excerpt from Morningstar -- "In 'Corporate Investment and Stock Market Listing: A Puzzle?,' professors John Asker, Joan Farre-Mensa, and Alexander Ljungqvist held company size and industry constant and found that the private companies in their (new and extensive) database plowed an average of 6.8% of their assets back into their businesses each year, as opposed to 3.7% for the public companies."

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