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美国的新趋势:上市公司数量变少,整合和集权化程度下降,股东控制力上升,公司开始变得更“短寿”。从1997年12月到2012年8月的15年时间里,在美国证券交易所上市的公众公司数量总体下降了44%。一些专业人士分析认为,IPO已到了“垂暮之年”。例如MIT经济学教授南希·弗伯尔就写道:“普通人能够投资公众公司并且从中获利,这是一个世纪以来代表美国资本主义最大卖点之一;然而,绝大多数在20世纪下半页还统治着美国经济的上市公司,其整体影响力正在不断削弱。”
The New Trend in the United States: The number of listed companies has decreased, the degree of consolidation and centralization has been declining, the shareholder control has risen and the company has started to become more “short-lived.” From December 1997 to August 2012, the number of public companies listed on the U.S. Exchange declined by 44% overall. Some professionals believe that the IPO has reached “years of ”. For example, Nancy Vallber, a professor of economics at MIT, wrote: “It is one of the biggest selling points for American capitalism over the centuries for ordinary people to invest in and benefit from public companies; however, the overwhelming majority in the 20th century The second half also ruled the US economy of listed companies, its overall influence is constantly undercutting. ”