Comparing the Investment Behavior of Public and Private Firms
NBER Working Paper No. 17394
---- Acknowledgments ----
We are grateful to Sageworks Inc. for access to their database on private companies, and to Drew White and Tim Keogh of Sageworks for their help and advice regarding their data. Thanks for helpful comments and suggestions go to Mary Billings, Jesse Edgerton, Alex Edmans, Yaniv Grinstein, David Hirshleifer, Hamid Mehran, Bruce Petersen, Joshua Rauh, Michael Schill, and Stanley Zin and to various seminar and conference audiences. We are grateful to Mary Billings for sharing her ERC data with us. Ljungqvist gratefully acknowledges generous financial support from the Ewing M. Kauffman Foundation under the Berkley-Kauffman Grant Program. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.