Chapter

Markets in Equities: Ownership and Control

John Hicks

in A Market Theory of Money

Published in print August 1989 | ISBN: 9780198287247
Published online November 2003 | e-ISBN: 9780191596407 | DOI: http://dx.doi.org/10.1093/0198287240.003.0011
 Markets in Equities: Ownership and Control

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This chapter begins with a discussion of the rationale behind the establishment of a limited liability company. It then analyzes the issue of capital raising, beginning with the case in which the shares are not freely transferrable and going on to the more important case when they are. It also discusses the concept of shareholder interests and takeovers.

Keywords: companies; ownership; limited liability company; capital

Chapter.  4854 words. 

Subjects: Macroeconomics and Monetary Economics

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