Don’t Blame the Stock Market for Corporate Myopia

Public ownership and public borrowing are diminishing at U.S. companies. Research has unearthed some worrisome consequences of this trend.

Publicly listed companies have been disappearing, especially in the U.S., where the number of public firms has fallen to about 3,500 today from more than 7,500 in 1997. The trend is familiar, but there’s still plenty of disagreement over whether it’s a cause for concern.

Read the full article on Bloomberg here.