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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). Blog Entry.

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Abstract

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 (Blog Entry)
Official URL: http://blogs.lse.ac.uk/businessreview/
Additional Information: © 2017 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HG Finance
J Political Science > JK Political institutions (United States)
Sets: Collections > LSE Business Review Blog
Date Deposited: 15 Nov 2017 14:59
Last Modified: 09 Jun 2019 23:22
URI: http://eprints.lse.ac.uk/id/eprint/85499

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