Library Header Image
LSE Research Online LSE Library Services

The shrinking number of public corporations in the US

Kahle, Kathleen and Stulz, René M. (2017) The shrinking number of public corporations in the US. USApp - American Politics and Policy Blog (21 Oct 2017). Blog Entry.

Text - Published Version
Download (87kB) | Preview


The rise of private equity may be a reason why fewer firms choose to participate in stock markets, write Kathleen Kahle and René M. Stulz. In his famous Harvard Business Review article titled "Eclipse of the public corporation," Jensen (1989) argues that public corporations are inefficient organizational forms because private firms can resolve agency conflicts between investors and managers better ...

Item Type: Online resource (Blog Entry)
Official URL:
Additional Information: © 2017 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 14 Nov 2017 15:51
Last Modified: 12 Jun 2019 23:22

Actions (login required)

View Item View Item


Downloads per month over past year

View more statistics