shareholders are not the only parties who invest in the corporation and bear a risk that their investments will drop in value. Workers who have been with the firm for many years may have developed skills and knowledge unique to it. Others may have moved their families to take a job with the firm, buying homes in the community. The community itself may have invested in roads and other infrastructure to accommodate the corporation. By contrast, most shareholders of a large corporation do not put their money into enlarging its productive capacity because most of the value of the stock market has
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