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One Type of Security in Retrospect
Author(s) -
SMITH R. G. E.
Publication year - 1984
Publication title -
abacus
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.632
H-Index - 45
eISSN - 1467-6281
pISSN - 0001-3072
DOI - 10.1111/j.1467-6281.1984.tb00197.x
Subject(s) - common stock , stock (firearms) , economics , business , law and economics , history , archaeology , context (archaeology)
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ordinary shares (common stock) is extended by rebutting the arguments of Williams and Finlay (1983) that common stock is obsolete.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.