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In order for capital markets to function well, investors need accurate information about securities. If investors do not trust firms’ disclosures, they will discount what they are willing to pay for securities, increasing the cost of capital and thereby making it more difficult, even for honest firms, to fund productive endeavors. Moreover, investment decisions based on inaccurate information distort the efficient allocation of resources in an economy.
They raised concerns about the effect of the BDS endorsement on the “well-being of Jewish and Zionist students at Harvard, some of whom have already reported that they have become alienated from the newspaper on account of the inhospitable culture that prevails there,”