René M. Stulz
The Shrinking Universe of Public Firms
Facts, Causes, and Consequences
NBER, 2018
Что внутри?
Fewer companies are trading on US public stock exchanges.
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Finance and investment experts note a disturbing pattern in US equity markets: a sharp drop in the number of companies that trade on stock exchanges, along with fewer initial public offerings from new firms. Financial scholar René M. Stulz examines the curious dynamic of diminished company association with US public capital markets. getAbstract suggests this astute report to investors, executives and financial services professionals for its exploration of a stock market puzzle.
Summary
About the Author
René M. Stulz is a finance professor and director of economic research at the Ohio State University.
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