# Professor Claudine Gartenberg's joint research on company performance and Professor Thomas Philippon's joint research on volatility

1 October 28, 2016 Bloomberg View ![Bloomberg View logo](/sites/default/files/styles/246w/public/assets/images/bloombergview_0.jpg?itok=47DlvcFA)>

Excerpt from [Bloomberg View](https://www.bloomberg.com/view/articles/2016-10-28/it-s-good-to-be-a-big-corporation-again) -- "In the 2000s, a series of academic papers showed that corporate America had become a much less comfortable place for incumbents. Lots of people in corporate America already knew this, but it was helpful to see peer-reviewed evidence: L.G. Thomas and Richard D’Aveni found big increases in profit volatility among manufacturing companies from 1950 to 2002. Diego Comin and [Thomas Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon) found a similar increase in the volatility of sales growth and other metrics. ... This summer, though, Victor Manuel Bennett and [Claudine Madras Gartenberg](http://www.stern.nyu.edu/faculty/bio/claudine-gartenberg), professors at Duke University’s Fuqua School of Business and New York University’s Stern School of Business respectively, did something interesting. They took the volatility measures from the above papers and a few others, added some of their own, and updated them all."

[Read more](https://www.bloomberg.com/view/articles/2016-10-28/it-s-good-to-be-a-big-corporation-again)