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

1 January 23, 2014 Forbes ![Forbes logo](/sites/default/files/styles/246w/public/assets/images/con_030508.jpg?itok=SId6k3bx)>

Excerpt from [Forbes](http://www.forbes.com/sites/stevedenning/2014/01/23/why-is-corporate-america-eating-itself-alive/) -- "A brilliant study 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](http://www.stern.nyu.edu/faculty/bio/john-asker), entitled 'Corporate Investment and Stock Market Listing: A Puzzle,' offers confirmation. The study compares the investment patterns of public companies and privately held firms. It turns out that the lag in investment is a phenomenon peculiar to public companies."
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Read more](http://www.forbes.com/sites/stevedenning/2014/01/23/why-is-corporate-america-eating-itself-alive/)