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  "documentTitle": "Investor Perspectives Q1 2023",
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      "text": "Investors' capital allocation and investing practices reflect a more conservative approach due to the inflationary and recessionary environment.",
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      "text": "In the current macroeconomic environment, investors want companies to protect their top line and build financial and cash flow resilience. A majority of investors (63%) ranked growth... Supply chain resilience... were ranked as the top three priorities...",
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      "text": "Investors’ capital allocation and investing practices reflect a more conservative approach due to the inflationary and recessionary environment. More than 70% of investors are holding more cash... Almost 60% of investors expect the shift... to last beyond 2023...",
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      "text": "Investors report long-term organic growth and free cash flow generation or yield as the two most important factors... Half of the investors surveyed ranked organic growth as a top-three factor...",
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      "text": "While two-thirds of investors believe that financially healthy companies should continue to pay dividends at historical levels, their support for aggressive share repurchases has declined to 36% from 44% in October 2022.",
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      "text": "Investors’ focus on the short term has increased, and their patience has decreased. More investors (71%) want companies to deliver on guidance... Fewer investors (78%) consider it important to invest in business capabilities...",
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      "text": "Investors remain supportive of financially healthy companies actively reshaping their portfolio. Many investors (68%) support acquisitions... A significant percentage (75%) support exiting or divesting lines of business...",
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      "text": "investor sentiment: 70%",
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      "text": "February 13–22",
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      "text": "Source: BCG Investor Perspectives Series, Q1 2023, February 13–22, 2023; n = 150. Note: SG&A = selling, general, and administrative expenses. ¹The average across 22 investor pulse checks was calculated using the percentage of investors that were bullish for the current calendar year at the time of each survey.",
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