Not completely surprised but would wonder how much of that is accounted by merger and it that should be considered the same as failure/​bankruptcy cases.
I suspect the technology that would make mergers less costly has increased since the 50s. If so there were perhaps mergers that were not taking place but would have.
Not completely surprised but would wonder how much of that is accounted by merger and it that should be considered the same as failure/​bankruptcy cases.
I suspect the technology that would make mergers less costly has increased since the 50s. If so there were perhaps mergers that were not taking place but would have.