Order DescriptionMajor Assignment Question The major assignment is a 2000 word essay. To complete this assignment you need read two papers from a practitioner journal then apply the concepts we have covered in the course to answer the questions below.Reading the papers referred to in the two articles will help you to understand their arguments and improve your answer to the question.The papers are: 1. Ciccotello, C. S. (2014), The State of the Public Corporation: Not So Much an Eclipse as an Evolution. Journal of Applied Corporate Finance, 26: 821. doi: 10.1111/jacf.12088 2. Brown, K. C. and Wiles, K. W. (2015), In Search of Unicorns: Private IPOs and the Changing Markets for Private Equity Investments and Corporate Control. Journal of Applied Corporate Finance, 27: 3448. doi:10.1111/jacf.12127Ciccotello documents the decline in the number of public firms by industry segment in Figure 2 of his paper. He offers a number of possible explanations for the decline and his view of the future for public firms. In his article Brown discusses the emergence of non-public equity offerings, Private Initial Public Offerings, as part of the Private Equity environment.The Questions are: 1. Summarise the arguments in these articles. 2. Explain how principal-agent issues may have caused the facts presented in the articles and how keeping a company private can help to solve principal-agent problems.