Are there too Few Publicly Listed Firms in the US?
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Doidge, Karolyi, and Stulz (2017) show that from 1999 to 2012 the US develops a listing gap relative to other countries, meaning that it has abnormally few publicly listed firms. In this paper, we update their evidence to 2023 and find that the listing gap increases, but at a low rate. By 2023, the
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美国国家经济研究局创建时间：
2025-03-01
