Professor Alexander Ljungqvist's joint research on corporate investments and Professor Thomas Philippon and PhD student Germán Gutiérrez's joint research on investment in US firms is featured
— September 29, 2017
Excerpt from Bloomberg -- "A 2010 paper by economists John Asker, Joan Farre-Mensa and Alexander Ljungqvist found that closely held companies tend to invest more than similar publicly listed companies, and also tend to be quicker to respond to new investment opportunities. ... Meanwhile, economists German Gutierrez and Thomas Philippon have a recent paper investigating the causes of low business investment. They find that the more public companies are owned by institutional investors, the less they tend to invest."