# Professor Thomas Philippon's joint research on the factors contributing to decreased corporate investment is featured

1 Faculty News March 22, 2018 ![Vox logo](/sites/default/files/styles/246w/public/assets/images/vox%20192%20x%20144.jpg?itok=ZSNFzKfo)>

Excerpt from [Vox](https://www.vox.com/policy-and-politics/2018/3/22/17144870/stock-buybacks-republican-tax-cuts) -- "New York University researchers Germán Gutiérrez and [Thomas Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon) in a recent working paper for the National Bureau of Economic Research examined possible reasons for lower-than-expected corporate investments in the United States since the early 2000s. They determined decreased competition, tightened corporate governance, and short-term pressures are in play."

[Read more](https://www.vox.com/policy-and-politics/2018/3/22/17144870/stock-buybacks-republican-tax-cuts)