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,