# Professor Alexander Ljungqvist's research on private and public company investments is cited

1 Faculty News April 30, 2016 ![Forbes logo](/sites/default/files/styles/246w/public/assets/images/con_030508.jpg?itok=SId6k3bx)>

Excerpt from [Forbes](http://www.forbes.com/sites/stevedenning/2016/04/30/why-we-live-in-a-second-robber-baron-era/#31dda4ce392e) -- "Brilliant research by economists from the Stern School of Business and Harvard Business School, [Alexander Ljungqvist](http://www.stern.nyu.edu/faculty/bio/alexander-ljungqvist), Joan Farre-Mensa, and John Asker, entitled 'Corporate Investment and Stock Market Listing: A Puzzle?' compares the investment patterns of companies in the public sector and private sector. It turns out that the lag in investment is a phenomenon of the public firms, not the privately owned firms."

[Read more](http://www.forbes.com/sites/stevedenning/2016/04/30/why-we-live-in-a-second-robber-baron-era/#31dda4ce392e)