Why We Shouldn’t Worry About the Declining Number of Public Companies
Harvard Business
AUGUST 27, 2018
Our conclusion is supported by the fact that in each of the first three five-year intervals in the 21st century, 2001−2005, 2005−2010, and 2011−2015, the largest number of net delists, defined as the number of delisting firms minus the number of listing firms, occurred in software, electronics, and computer industry. Such acquisitions become more lucrative with rising first-mover advantages, pace of technological development, and network externality.
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