Over the years 1981-2000, 4,770 nonfinancial firms exited the U.S. mar
Over the years 1981-2000, 4,770 nonfinancial firms exited the U.S. markets for publicly traded equity. Which of the following was the most frequent reason for a firm’s exit?
a. Merger or acquisition
b. Bankruptcy or liquidation
c. The firm reverted to private equity ownership
d. The firm changed its listing to a foreign stock exchange
ANSWER
A
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