Owners, managers, and boards of directors are collectively known as the "tripod" of corporate governance.
2.Ranging from entrepreneurial start-ups to multinational enterprises (MNEs), all firms need to raise capital.
3.The amount of dividend a firm pays its shareholders is always fixed.
4.Shareholders purchase stock both for dividends and for the growth potential of the stock.
5.For equity, the cost of capital is the interest.
6.The New York Stock Exchange (NYSE) and NASDAQ have a lot of non-US firms listed. This is an example of cross-listing.
7.In firms with separation of ownership and control, ownership is concentrated with a few owners.
8.Companies with diffused ownership have a separation of ownership and control.
9.The vast majority of large firms throughout continental Europe, Asia, Latin America, and Africa feature concentrated family ownership and control.
10.Family ownership and control may lead to the selection of less-qualified managers.
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