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

1 Faculty News November 7, 2015 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from the [Financial Times](http://www.ft.com/intl/cms/s/0/d583baa2-823f-11e5-8095-ed1a37d1e096.html) -- "In the US, economists John Asker, Joan Farre-Mensa and [Alexander Ljungqvist](http://www.stern.nyu.edu/faculty/bio/alexander-ljungqvist) have found evidence that public companies invest substantially less and are less responsive to changes in investment opportunities, especially in industries where share prices are most sensitive to earnings news."

[Read more](http://www.ft.com/intl/cms/s/0/d583baa2-823f-11e5-8095-ed1a37d1e096.html)