The Line Between Public And Private Ownership Will Blur In The "Firm Of The Future"

Bain just-released a study “Firm of the Future” which examines new company ownership and investment models evolving to better match long-term goals with the expectations of investors.

Here’s what Bain research predicts:

The line between public and private ownership will blur. Large public companies will pursue long-term anchor investors and adopt the governance practices of leading private inves­tors, while larger private companies will trade in sec­ondary markets that require enhanced investor protec­tions. The line between debt and equity will also blur, as off-balance-sheet project-based equity becomes a significant funding source. Investors will invest in projects rather than companies, creating a new ecosys­tem of financial intermediaries to help them identify and gain access to the best projects. Activist investor techniques, both short and...