소개글
[재무관리] Corporate Governance(영문)에 대한 자료입니다.
목차
English Law vs Continental Law
Apple (US) vs LVMH (France)
Korea: opposite of theory, continental law & owner management
Korean Firms
Problems
Attempts to solve problems
1) through reformation, 2) minority shareholders movement
Lessons
본문내용
English Law
Dispersed Ownership
Power focus on
external stakeholders
Financing mostly from
stock market
Regulations to protect external investors
Continental Law
Concentrated Ownership
Power focus on
internal stakeholders
Financing mostly through loans
Regulations to protect
internal stakeholders
1.Under Common Law
Long-term capital from the capital market
The market monitors the corporate governance
2.Professional Management Style
Investors own the company
Managed by hired CEOs