Academic paper which justifies why companies are run better privately A few years ago I was reading The Economist and I remember it stated a particular academic paper that underpinned the rationale for the existence of private equity firms. I have tried to find this article but have had no success. I believe this paper justified why companies are run better privately. Does anyone know what this paper is/might of been?
I think this is what you are looking for.

It is a quite interesting paper. I hope it helps.