Straska, Miroslava; Waller, Gregory; Yu, Yao - In: Managerial Finance 38 (2012) January, pp. 124-142
. Findings – Before going private, firms' investment ratios and investment opportunities are similar to investment ratios and … investment opportunities of peer firms. However, after going private, the investment ratios significantly decrease to levels … significantly below the investment ratios of peer firms. Additionally, investment becomes less sensitive to investment opportunities …