regulations related to air-space allowance form one country to another. In other words, an airline form one member nation could not fly passengers within another nation’s domestic market. In addition, major companies such as British Airways dominated the European airline before the advent of low cost-low frill airlines. In this sense, Ryanair entered an industry with large obstacles to overcome
(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
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
regulate the economy and achieve the development of all aspects of the national economy.
Public enterprise has both economic goals and goals of social and public. The economic goals that support social and public goals. Public enterprises are monopolies and pillar industries of economic development of such as electronics, automotive, medical, airport.
* Comparison between public and private
1. Market Analysis-The Tobacco Industry
1. Introduction
The global Tobacco industry is an exceptionally large market and it continues its’ growth despite the trend of advanced country citizens trying to quit, due to high smoking rates in developing countries and the growing right of women in these regions. Major companies such as Philip Morris, British American Tobacco, and Japan Tobacco dom