Journal of Financial and Quantitative Analysis

Table of Contents - 1974 - Volume 9, Issue 05  

Reform of Financial Institutions and Markets: A Progress Evaluation

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

Dr William C. Freund*

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.

Footnotes

* The New York Stock Exchange, Inc.