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Comment: The Stock Market: Come Considerations of Its Future Structure
Published online by Cambridge University Press: 19 October 2009
Extract
Professor Mendelson's interesting paper reaches one conclusion with which I have no quarrel. Under his “most likely” future scenario, he argues for the need for the individual investor in the stock market to enhance the external equity capital-raising abilities of corporations. However, on the way to that conclusion, he dispenses a number of inconsistencies and confusing points.
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- Reform of Financial Institutions and Markets: A Progress Evaluation
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- Copyright © School of Business Administration, University of Washington 1974