Investor protection is important in that it is ultimately connected to the development of the nation's economy as well as the capital market. And disclosure is recognized as a major method for investor protection. This article aims to suggest improv
the financial market on the brink of the crisis. The future of the Korean financial market and economy highly depends on finding the optimal balance and harmony with foreign capital. In order to detoxicate some poisons created by foreign partic
of risky debt, the empirical results indicate that the ERCs would be larger for low-leverage firms than for high-leverage firms. Overall, our findings provide directly support to the hypothesis that the ERC is a negative function of the firm"s
ofthe Basel II framework and introduced a number of safeguards to address excess cyclicality ofthe minimum requirement. They include the requirement to use long term data horizons to estimate probabilities of default, the introduction of so called downturn loss-given-default (LGD) estimates and the appropriate calibration ofthe risk functions, which convert loss estimates into regulatory capit
the causes and
consequences ofthe large current account deficits ofthe United States; the dramatic appreciation ofthe
dollar during the first half ofthe 1980s followed by its rapid depreciation in the second half ofthe 1980s;
the Latin American debt crisis ofthe 1980s and the Mexican crisis in late 1994; and the increased
pressures for industry protection against foreign competition broadly
markets. Effect of Walmart proves that. It is a neologism which refers to a collapse of wholesale-retail dealers and a deindustrialization of urban markets as Walmart expands their stores to small and medium-sized cities in America (Park Sangjun).
It is our native enterprises such as E-mart, Lotte mart and Homeplus, which drove the Walmart out ofthe domestic market. Especially Tesco British mul
(1) What is Franchise
The Franchise system is a form that headquarters control markets tightly by contract of franchises. Franchise is getting effect of management such as enterprise under direct management by doing mutual cooperation and sharing functions by contract among independent operators having individual capital.
The contract of franchise includes rights associa
Threat of Substitute Products or Services
The current market for shoes is defined by 4 main categories: casual, athletic, dress, and rugged. Casual shoes account for 52% ofthemarket, and this would include TOMS shoes.
Table 2-2 Details of 5 Force Model
New Entrants -It is not technology industry, but capital-intensive industries
- Because it requires