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. LSE Business Review (17 Oct 2017). Website.

Text - Published Version
Download (154kB) | Preview


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 than public firms. His prediction initially appeared invalid. As shown in Figure 1, the number of public firms increased sharply in the first half of ...

Item Type: Online resource (Website)
Official URL:
Additional Information: © 2017 The Author(s)
Divisions: LSE
Subjects: H Social Sciences > HG Finance
J Political Science > JK Political institutions (United States)
Date Deposited: 15 Nov 2017 14:59
Last Modified: 06 Sep 2021 23:32

Actions (login required)

View Item View Item


Downloads per month over past year

View more statistics