# Profs John Asker and Alexander Ljungqvist's research on investment patterns of public vs. private firms is mentioned

1 Faculty News August 19, 2014 ![International Business Times logo](/sites/default/files/styles/246w/public/assets/images/con_031078.jpg?itok=fjxsC0VP)>

Excerpt from [International Business Times](http://www.ibtimes.com/private-companies-growing-profits-sales-faster-public-competitors-1663048) -- "Using Sageworks’ data from 2001 to 2011, researchers from New York University, Harvard and NBER found in a July 31 paper that private firms invest significantly more than publicly traded companies of similar size and industries. Private companies also invest in a way that’s 3.5 times more responsive to changes in investment opportunities, especially in industries in which stock prices are most sensitive to earnings news, said the report’s authors, [John Asker](http://www.stern.nyu.edu/faculty/bio/john-asker) from NYU’s economics department and business school; Joan Farre-Mensa from Harvard’s business school; and [Alexander Ljungqvist](http://www.stern.nyu.edu/faculty/bio/alexander-ljungqvist) from NYU and NBER."

[Read more](http://www.ibtimes.com/private-companies-growing-profits-sales-faster-public-competitors-1663048)