课件成果文案lnfmf moff x c04.pdfVIP

Learning Objectives • Exam he different ownership structures for businesses globally and how this impacts the separation between ownership and management – ncy problem • Evaluate the dist tions between the two major forms of management goals – stockholder wealth ization versus stakeholder capitalism Learning Objectives cont. • Distinguish differences in operational goals pursued by management depending on whether the is operated by owners or professional management • yze the goals and forms of corporate ernance in use in the global market ce today, and whether that attracts or deters cross-border investment • Examine how trends orporate ernance are altering the competitive landscape for multinational enterprises OUTLINE 1. Who Owns the Business? 2. The Goal of Management 3. Publicly Traded Versus Priva y Held: The Global Shift 4. Corporate ernance 4.1 Who Owns the Business? • Exhibit 4.1 distinguishes between public ownership of commercial enterprises and priva y owned companies. • Public ownership may be wholly state-owned or partially publicly traded. State Owned Enterprises (SOEs) are created for business purposes rather than for regulation or civil activities. • Private firms may be publicly traded (stock) or priva y owned by partners or family. Exhibit 4.1 Business Ownership version 1、国有企业 2、三资企业 （其 外合作企业、中外合资企业、 外 商独资企业） 3、集体企业 民营企业 4、私营企业 Who Owns the Business? • The global market ce trades both SOEs and private firms. • Often firms “go public” via an initial public offering (IPO) and sell a portion of the firm to the