Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Dunno about advantage, but it's certainly a quality.

The key disadvantages of joint stock companies are:

(a) Concentration of Capital = concentration of control

(b) Principal/ Agency problem.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Tue May 31st, 2011 at 05:39:55 AM EST
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