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Faculty News

Professor Thomas Philippon and PhD student Germán Gutiérrez's joint research on the link between valuation and corporate investment is cited

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Excerpt from Axios -- "Corporate America has become ever more concentrated over the past two decades, and its monopoly power is killing the incentive for large companies to invest in the economy, according to new research from NYU's Stern School of Business. The paper's authors assert a cause-and-effect relationship between a widespread increase in large company monopolies and a decrease in investment in new technologies, plants, and equipment by those same monopoly companies."

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