青岛农业大学经济与管理学院财务管理英文课件 chapter8.pptVIP

Stocks and Their Valuation Features of common stock Determining common stock values Efficient markets Preferred stock Facts about Common Stock Represents ownership. Ownership implies control. Stockholders elect directors. Directors elect management. Management’s goal: Maximize stock price. Social/Ethical Question What’s classified stock? How might classified stock be used? Classified stock has special provisions. Could classify existing stock as founders’ shares, with voting rights but dividend restrictions. New shares might be called “Class A” shares, with voting restrictions but full divid