One Type of Security in Retrospect |
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| Authors: | R. G. E. SMITH |
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| Affiliation: | R. G. E. Smith;is a Professor, Department of Economics, Hunter College of the City University of New York |
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| Abstract: | The case for capitalizing large firms solely with ordinary shares (common stock) is extended by rebutting the arguments of Williams and Finlay (1983) that common stock is obsolete. An account of the historical origins of the supporting elements of the one-security plan is provided. Of the arguments and evidence to be presented, some will be recapitulations of points made earlier and some will be additional. |
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| Keywords: | Corporate finance Securities Stock |
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