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  "documentTitle": "BCG Investor Perspectives Series Q2 2023",
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  "notes": "The slide uses a horizontal bar chart to rank root causes of 'trapped value' based on investor survey data.",
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      "text": "The three most important reasons for trapped value reflect fundamental concerns about companies’ medium- to longer-term outlook, and they are under the control of corporate leaders. Less than one-third of investors consider external factors, such as macroeconomics or other uncontrollable headwinds, to be an important factor",
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      "text": "Most common root causes of trapped value, or companies’ valuations consistently being below their fundamental value",
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      "text": "Source: BCG Investor Perspectives Series, Q2 2023, June 5–8, 2023 (n = 151). ¹Survey question: What are the most common root causes for trapped value (that is, companies’ valuations consistently being below their fundamental value)?",
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      "text": "Percentage of investors: 43%",
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      "text": "Investors highlight an unclear growth strategy, a lack of management credibility, and high leverage as the most common causes of trapped value",
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