Ⅰ. Introduction
- Introduce of Hana Tour
HANA TOUR, Korea’s largest travel agency now served by over 2,500 employees at home and abroad, ranks as the number one travel company for the past ten years in terms of overseas travel and airline ticket sales.
We suggest that this is time to examine its financial status, as the best travel agency in Korea. Our team chose HANA TOUR, considerin
Agency Costs Hypothesis)이다. CB의 이러한 성격은 또 기업의 진정한 영업위험을 예상하기 어렵기 때문에 발생하는 대리인비용도 줄여 준다.
2. 재무위험비용가설(Costs of Financial Distress Hypothesis)
Pilcher(1955), Brigham(1966) 그리고 Hoffmeister(1977) 등 초기의 연구들은 기업들이 CB를 통해 자금을 조달하는 동기를 설
of National Security Law, and U.S.A insisting China Government should guarantee the freedom of sharing information. In this case, Korean news agencies are holding a balance in general. Most news of Korean broadcasts and newspapers were delivering more objectively than news of U.S.A or China. Usually the coverage was founded on factual events, with neutral stands. News of Korean media also
The largest esset in Malaysia
Extensive domestic branch network
Main task :Deposits, checking accounts, and domestic and foreign currency transfers, loan
Certified Large lending institution in 60’s
Cannot operate a checking account
Main task :consumer lending
Fundsforeign banks + domestic financial institutions -> Merchant bank
Main task :fees through the fee-related bu
Ⅰ. 기업 전환사채
1. 대리인비용가설(Agency Costs Hypothesis)
자금조달원으로서의 CB의 역할을 합리적으로 설명하기 위한 대리인비용가설은 주주와 채권자간의 잠재적 이해상충에 그 근거를 두고 있다. 즉, 주주의 이익을 증대시키려는 목적을 가진 기업의 경영자는 기존의 자산을 위험이 높은 자산으