The reason that corporations exist is to serve people. They are there to provide jobs, services, products, and benefits.
Corporations could continue to exist after managers died. Corporations could quickly raise money by selling shares of stock. Corporations can grow much faster.
because of globalization.
Among the top corporations in the Philippines are:Manila Electric CompanyNational Power CorporationSan Miguel CorpPetron CorpPilipinas Shell PetroleumThere are, of course, dozens, if not hundreds more.
A corporation is considered an artificial being because it is a legal entity created by law, distinct from the individuals who own or manage it. Unlike natural persons, corporations do not exist in a physical sense and have rights and obligations conferred upon them by statutes. This artificial nature allows corporations to enter contracts, own property, and be liable for debts independently of their shareholders. As such, they can continue to exist beyond the lives of their founders or members.
They don't exist...monopolies are caused by government intervention in the market. Excessive regulations, permits, fees etc. create barriers to entry for competitive entrepreneurs, and there is often times legislation passed in favor of large corporations. A truly competitive free market does not have monopolies.
Corporations could continue to exist after managers died. Corporations could quickly raise money by selling shares of stock. Corporations can grow much faster.
"Corporations" did NOT exist in the 1830s, and in fact, there were very few "companies".
There are various types of corporations, including C corporations, S corporations, nonprofit corporations, and foreign corporations. C corporations are the most common and have no restrictions on the number or type of shareholders. S corporations are more limited in terms of ownership and taxation benefits. Nonprofit corporations are organized for charitable, educational, religious, or other purposes, while foreign corporations are formed in one country but operate in another.
what agency relationship exists within a corporation
because of globalization.
Merger
Corporations didn't exist in 1862. They are a modern idea that began in earnest in the 1980's.
Among the top corporations in the Philippines are:Manila Electric CompanyNational Power CorporationSan Miguel CorpPetron CorpPilipinas Shell PetroleumThere are, of course, dozens, if not hundreds more.
One of the main advantages of a corporation is that it is separate from its owners. Corporations also have the advantage of being able to exist if one or more owners quit or pass away. Corporations also have limited liability protection.
A business organization that is most likely to exist after the death of the founder is a corporation. Unlike other types of business structures, such as sole proprietorship or partnership, corporations have a separate legal entity that can exist beyond the lifetime of its owners. This allows for the seamless transfer of ownership and continuity of business operations. Additionally, corporations can also raise capital through the sale of stocks, further ensuring their longevity.
The primary reason for the divergence of objectives between managers and shareholders has been attributed to separation of ownership (shareholders) and control (management) in corporations. As a consequence, agency problems, or principal-agent conflicts exist in the firm.
The corporations represent the spread of American culture. The corporations have influence on foreign governments. The corporations threaten to alter ancient cultures.