0136091008_PPTsM02_Eiteman0136091008_12_MBF_C02课件.pptVIP

Chapter 2 Financial Goals and Corporate Governance Who Owns the Business? Most companies are created by entrepreneurs who are either individuals or a small set of partners. In either case they may be the members of a family. Over time, however, some firms may choose to go public via an initial public offering or IPO. Exhibit 2.1 Who Owns the Business? Separation of Ownership from Management The change in ownership from 100% privately held toward an increased share of publicly traded shares brings along with it the probability that a firm may be managed by hired professionals and not the owner