【文章內(nèi)容簡介】
the corporation, its goals, and the roles of financial managers.,Source: U.S. Census 2008 SUSB Annual Data,115,What is a Corporation?,CorporationA business organized as a separate legal entity owned by stockholders. Types of Corporations: Public Corporations Private Corporations,What is a Corporation?,Public Companies: Shares are available for purchase by any investors, have a broad base of shareholders and have professional boards and management. Private Corporations: Shares are not available for public, are owned by small groups of managers and investors. Limited Liability Companies (partnership): General partners amp。 Limited partners,117,Benefits of the Corporation,Limited liability Infinite lifespan Ease of raising capital,118,Drawbacks of the Corporation,Corporations face the problem of double taxation Improper corporate structures may lead to “Agency Problems”,,,,What Is a Corporation?,Goals of The Corporation,* Production maximization * Incomes maximization * Profit maximization * Shareholders’ wealth maximization * Social responsibility,121,,Goals of The