| Owner of company is consumer.
If equity is changed to debt of company, who is owner of company?
Economic value of company is money possessed by consumers. It means that
source of value of company is consumer.
Traditionally, owner of value of company is thought to be equity holder. But, as consumers support value of company, it is reasonable that owners of company are regarded as consumers.
By accurate understanding of owners of company, mechanism of financial economy can be more sophisticated.
|