Why We Shouldn’t Worry About the Declining Number of Public Companies
AUGUST 27, 2018
stock exchanges has declined by almost 50% from its peak in 1996, despite dramatic increase in aggregate market capitalization. Emerging digital firms compete with knowledge, strategy, and expert human capital, attacking even the largest established firms. firms gravitate towards digital strategies, firms have less need for elaborate finance, marketing, production, distribution, accounting, and human resource departments. westend61/Getty Images.