Progress of the euro zone financial crisis and its causes
In the conditions of the global financial and economic crisis, a majority of European countries launched large programs to reanimate the economic situation and save jobs. As the massive fiscal spending is inevitable in the process of addressing the economic crisis, the European financial situation began to deteriorate rapidly.
(1) What is material?
Certain provisions of the SEC apply only to matters that are “material” to the financial condition of the company. Therefore, interpretation and application of those provisions relates to the issue of “what is material”.
Item 101 of Regulation S-K requires that companies must disclose material effects that compliance with environmental law will have on earnings, c
I. Introduction
1. Problem proposal and Current condition
Due to financial crisis from the America, the world economy is falling into the recession. 3 in the American TOP 5 investment banks disappeared such as Merrill Lynch, Lehman Brothers. And world-wide global enterprises like GM, Chrysler go into bankruptcy. In this situation the financial crisis spreading with actual object economy
Companies which have high Free cash flow have stable financial structure.
If Companies were in expansion period or about to invest new business, they may have recorded budget deficits. Gross Cash Flow means Companies' s total cash flow in year. Gross Investment means total investment. In POSCO, except for global financial crisis in late 2008 , seems nearly similar conditions. Free cash flow is
financially backed up.
FAST FOLLOWER: ADVANTAGES, DISADVANTAGES AND CONDITIONS
ADVANTAGES
When starting a business, fast followers imitate the working methods of a successful precedent. This precondition guarantees the followers to grow in various ways.
Most importantly, follower companies save significant amount of initial cost. The company does not have to go through trial and error, h