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The Public Company Transformed$
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Brian Cheffins

Print publication date: 2018

Print ISBN-13: 9780190640323

Published to Oxford Scholarship Online: November 2018

DOI: 10.1093/oso/9780190640323.001.0001

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The Future of the Public Company

The Future of the Public Company

Chapter:
(p.343) 7 The Future of the Public Company
Source:
The Public Company Transformed
Author(s):

Brian R. Cheffins

Publisher:
Oxford University Press
DOI:10.1093/oso/9780190640323.003.0007

The seventh and concluding chapter of The Public Company Transformed extrapolates from trends the previous chapters have identified to speculate on the future trajectory of the public company. Salient developments from the 2010s are taken into account, with particular emphasis being placed on those implying a path different from what would be anticipated given events occurring from the mid-twentieth century through to the opening decade of the twenty-first century. This chapter argues radical departures from present day arrangements are unlikely any time soon. For instance, recent predictions of the imminent demise of the public company appear to be wide of the mark. That means the transformation of the public company the book has described should end up being part of a larger story yet to be written rather than being a public company epitaph.

Keywords:   corporate unicorns, ownership and control, Dodd-Frank Act, bank regulation, index trackers, tech companies, shareholder value

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