Paper explores decline in firms going public

BVWireIssue #179-3
August 16, 2017

The proportion of companies choosing to go public in the U.S. has been plummeting for more than two decades. Is this because of public companies’ increasing regulatory costs? No, the decline started way before the onerous Sarbanes-Oxley rules kicked in. The real culprit is declining benefits of going public, according to “The Deregulation of Private Capital and the Decline of the Public Company.”

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