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
Savings bank suspension
: a suspension of banks which are below
standard of BIS capital adequacy ratio
A lot of savings banks
are suspended in 2011
Depositors
more than 50 million won and
subordinated bond-holders
lost their principal
Charter value
: the value of a bank being able to continue to
do business in the future.
Charter value would be lost in case of bankru
⊙ Who is Warren Buffett
Name: Warren Edward Buffet
Born : August 30, 1930 (age:81)
Omaha,Nebraska,U.S
Education: University of pennsylvania
University of Nebrask(BS)
Columbia University (MS)
Occupation: Chairman & CEO of Berkshire
Hathaway
Years: 1951-present
Salary $100,000
Net Worth: $ 50 billion (20
Agency cost
- Moral Hazard Problem
- Adverse Selection
Agency theory
Agency theory is a set of ideas on organizational control based on the belief that the separation of the ownership from management creates the potential for the wishes of owners to be ignored.
중략
Case study - 1
unrelated business
Most of growth due to a series of acquisitions
that were unrelated business.
1. PDS순환
≪ 그 림 ≫
경영은 조직의 목적을 효과적으로 달성하기 위해 경영자원을 효율적으로 활용하는 것으로서 계획(Plan), 실행(Do), 평가(See)의 과정을 거쳐서 피드백(feedback)이 이루어지는 활동이다. 이를 PDS 순환이라고 한다.
피드백(feedback)
(정보, 질문, 서비스를 받는 측의)반응, 의견,
Part 1 - 2. THE PROCESS OF INNOVATION OF CJ
Part 1 - 2 - 1. The reason why Jeil-jedang separate from Samsung
The most important reason Jeil-jedang separated the company from Samsung in 1993 was related to Korean government’s policy at that time. Past president Kim Young-sam carried out policy, in which prominent conglomerates should focus on two or three fields of their business. By doing t
1.2.2. The Law of Requisite Variety
The Law of Requisite Variety says that the number of different states of a system’s control mechanism must be higher than or at least equal to the number of (possible) different states in the system being controlled, in order to guarantee stability. But in reality, the variety of the environment is larger than the variety of the organization.
Stafford Beer
theories of motivation very well through the manager-employee relationship. Closely viewed, Southwest keeps track of subordinates, and tries to provide what is best for the employees. That is also the reason why Southwest Airline states that over 87 percent of employees are in the work union. Southwest has never had a strike, and now that the network carriers have whacked away at salaries and ben
본 론
제 1장 공공선택론
1. 공공선택론의 정의
공공선택론이란 과연 무엇인가? 우선, 가장 일반적으로 알려져 있는 정의를 살펴보면, 공공선택론이란, '정부를 공공재(public goods and services)의 생산자로 그리고 시민을 소비자로 규정하고, 시민의 편익을 극대화할 수 있는 서비스의 공급과 생산은
Motivation
An important word in the phrase "sustainable, profitable growth" is the word "sustainable."
we believe it is vital to have consistency between short-term goals and actions and long-term strategy.
, keeping an effective balance requires us to stretch and adapt to changes in our business, in our
environment and in the communities where we operate.
Motivation-passion-focus-d