Is there an optimal number of public companies? (Part 1)

Dr. Mikhail Pevzner takes a cost–benefit perspective to the question of more IPOs and capital formation, regulation, and investor welfare.

Mar 24, 2026

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This is a guest article by Dr. Mikhail Pevzner, my friend and a research colleague who is a Professor of Accounting at the University of Baltimore’s Merrick School of Business. He teaches financial accounting, auditing, financial statement analysis, business valuation and business economics. He is also an Adjunct Professor of Finance at Georgetown Unive…

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A guest post by

Mikhail Pevzner

I am a Professor of Accounting at the University of Baltimore and an Adjunct Professor of Finance in Georgetown University. My research focus in financial reporting, auditing, disclosure and corporate finance.

The Dig

Is there an optimal number of public companies? (Part 1)

Dr. Mikhail Pevzner takes a cost–benefit perspective to the question of more IPOs and capital formation, regulation, and investor welfare.

This post is for paid subscribers