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. They operate as lean organizations, using cloud and internet-based infrastructure, and launch and distribute products more quickly than did firms that competed with factories, warehouses, inventories, and suppliers. Such acquisitions become more lucrative with rising first-mover advantages, pace of technological development, and network externality.