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Comment: The Stock Market: Come Considerations of Its Future Structure

Published online by Cambridge University Press:  19 October 2009

William C. Freund
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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.

Type
Reform of Financial Institutions and Markets: A Progress Evaluation
Information
Journal of Financial and Quantitative Analysis , Volume 9 , Issue 5 , November 1974 , pp. 843 - 845
Copyright
Copyright © School of Business Administration, University of Washington 1974

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