PRESS RELEASE/INTERVIEW OPPORTUNITY October 12, 2009
Today the board of directors for the National Association of Business Economics (NABE) awarded Patrick L. Anderson’s paper, “The Value of Private Businesses in the United States” the annual Abramson Scroll award for exceptional feature articles.
His paper estimates the true market value of the vast number of privately held organizations that are contributing to the United States economy, but are often overlooked.
Using 2004 data for a comparison, the analysis shows that the implied market value at year-end for all publically held companies was $3.9 trillion while privately held businesses were likely worth more than $15 trillion for the same fiscal year.
In today’s economy what really adds stability for employment and consumer confidence? Private firms that are not traded in the “stock market” produce more revenue for investors, and are capable of contributing more to the economy.
Information on Business Economics as well as Patrick’s article can be found on NABE’s website (Vol. 44 No. 2). Or you can contact us if you are interested in viewing an author copy.
Click here to view the abstract.
CONTACT: Lori Knechtel-Anderson Economic Group, LLC, (517) 333-6984
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