Is Corporate America Letting Us Down?

"I’ve been trying to make sense of the recent push, from Hillary Clinton and others on the left, against what’s been dubbed 'quarterly capitalism,' or the alleged tendency of publicly held companies to act in the short-term interests of speculators" Reihan Salam writes in National Review. He refers to research by Alexander Ljungqvist, NYU and affiated to IFN: "They find that privately held firms invest more than similar publicly held firms, which implies that the demands of the stock market are leading publicly held firms to underinvest."