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Portfolio Theory & Financial Analyses
- Share to:
Once a company issues shares (common stock) and receives the proceeds, it has no direct involvement with their subsequent transactions on the capital market, or the price at which they are traded. These are matters for negotiation between existing shareholders and prospective investors, based on their own financial agenda.
As a basis for negotiation, however, the company plays a pivotal agency role through its implementation of investment-financing strategies designed to maximise profits and shareholder wealth. What management do to satisfy these objectives and how the market reacts are ultimately determined by the law of supply and demand. If corporate returns exceed market expectations, share price should rise (and vice versa).
But in a world where ownership is divorced from control, characterised by economic and geo-political events that are also beyond management’s control, this invites a question.
Robert Alan Hill - Personal Name
1st Edtion
978-87-7681-605-6
NONE
Management
English
2010
1-120
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