Capital Markets Series
Our Capital Markets Series is comprised of periodic reports and reviews on issues relevant and timely to today’s capital markets. Topics range from the current lack luster IPO market to a look at the capital markets structure.
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A systemic failure in U.S. stock markets has led to the loss of listings and jobs.
Since 1991, the number of U.S. exchange-listed companies is down more than 22%, and when adjusted for real (inflation-adjusted) GDP growth, that percentage balloons to a startling 53%. Growth in a number of developing nations far outpaces that in the U.S. In fact, Asia’s listed-companies growth rate is even higher than its GDP growth rate. Grant Thornton LLP’s A wake-up call for America recommends solutions that address market structure issues and that, with thoughtful oversight, will advance the U.S. economy, create high-quality jobs, improve U.S. competitiveness, increase the tax base, and decrease the U.S. budget deficit — all without major expenditures by the U.S. government.
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A dysfunctional IPO market fuels unemployment
Grant Thornton’s updated U.S. IPO market study finds a dysfunctional market structure that fuels unemployment and undercuts small businesses. The new analysis, Market structure is causing the IPO crisis — and more, looks at how the IPO market structure drives job losses, and it addresses misconceptions about the impact of private equity, penny stocks and inflation on new public equity offerings.
Grant Thornton participates on SEC panel regarding the “Flash Crash”
David Weild, senior capital markets advisor, shares his views relative to events that occurred on May 6, 2010 with the Joint CFTC-SEC Advisory Committee.
