# Professor Thomas Philippon and PhD student Germán Gutiérrez's joint research on corporate investment and growth in the US is referenced

1 September 12, 2017 Financial Times ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from the [Financial Times](https://www.ft.com/content/fd27245a-9790-11e7-a652-cde3f882dd7b) -- "In a paper presented at the Brookings Institution last week, Germán Gutiérrez and [Thomas Philippon](https://www.ft.com/content/fd27245a-9790-11e7-a652-cde3f882dd7b) show how investment has fallen relative to profitability."

[Read more](https://www.ft.com/content/fd27245a-9790-11e7-a652-cde3f882dd7b)