Stock Offerings and Investor Monitoring: IPOs, Exchanges, and Corporate Governance
Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2
Chapter 10 moves from debt markets to equity markets. This is about how companies sell ownership to the public, how stock exchanges work, and how investors try to keep corporate managers honest. If the previous chapters were about lending money, this one is about buying a piece of a company.