Examlex
René Descartes:
Primary Markets
Markets where new securities are issued and sold for the first time to investors, including initial public offerings (IPOs).
Secondary Markets
Markets where investors buy and sell securities or assets that have already been issued or owned, such as the stock market.
Common Stock
An ownership stake in a company, signified by equity securities, granting the holder voting rights on corporate issues and entitlement to dividends.
Agency Problems
Conflicts of interest that arise when agents (managers or executives) make decisions that benefit themselves rather than the principals (shareholders) they are supposed to represent.
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