Skip to main content

Please enter a keyword and click the arrow to search the site

Private equity: rethinking the neoclassical axioms of capital markets


Journal of Alternative Investments



Authors / Editors

Talmor E


Publication Year



By all measures, the continuous growth and expansion of private equity has been astounding; the industry has grown approximately 200-fold in less than a quarter century. Once regarded as a small blip at the margin of alternative investments, private equity has now moved to the center stage of capital markets. Although private equity prospers, the number of listed firms has shown a sharp decline in the United States of nearly 50% over the last 20 years. The two contrasting trends are not independent phenomena and put into question the fundamentals of neo-classical finance theory, notably Berle and Means’ influential theory of the modern corporation and the separation of ownership and control.

Available on ECCH


Select up to 4 programmes to compare

Select one more to compare
subscribe_image_desktop 5949B9BFE33243D782D1C7A17E3345D0

Sign up to receive our latest news and business thinking direct to your inbox


Sign up to receive our latest course information and business thinking

Leave your details above if you would like to receive emails containing the latest thought leadership, invitations to events and news about courses that could enhance your career. If you would prefer not to receive our emails, you can still access the case study by clicking the button below. You can opt-out of receiving our emails at any time by visiting: or by unsubscribing through the link provided in our emails. View our Privacy Policy for more information on your rights.