# Professor Alexander Ljungqvist's joint research on corporate investments is referenced

1 June 14, 2017 Bloomberg ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/view/articles/2017-06-14/short-termism-hasn-t-hurt-companies-long-term) -- "For example, a 2014 paper by John Asker, Joan Farre-Mensa and [Alexander Ljungqvist](http://www.stern.nyu.edu/faculty/bio/alexander-ljungqvist) found that 'compared to private firms, public firms invest substantially less and are less responsive to changes in investment opportunities.' Also, there’s evidence that founder-led companies tend to outperform."

[Read more](https://www.bloomberg.com/view/articles/2017-06-14/short-termism-hasn-t-hurt-companies-long-term)