capital market.
O4——S1、S3、S4: Better quality than competitors and innovative technology guarantees difference between products.
O5——S5:More opportunity in the capital market funding, make use of financial management to bring down the capital cost.
O6——S2、S3:Localization of human resources management strategies to attract local talents and reduce
market positioning map (exhibit 5), it pursues a different business strategy. Rather than vertical integration pursued by Zara, H&M outsources all of its production and operates a single format which increases operating expenses. Such choice of outsourcing all production is reflected in a relatively low PPE to sales ratio of 15.5% which contributes to higher capital turnover, and thereby, higher
capital
recovery for creditors rather than consolidated F/S and form over substance.
∙ Through the globalization of financial markets, the demand of acquiring fund to
participate in International capital market was getting higher in Germany but there
were many differences between German accounting standard and US-GAAP.
They had to prepare dual F/S.
market volatility caused mark-to-market increases in the value of credit derivatives. After the crisis their percentage by 52% .Lower volatility within the financial markets, steepening yield curves in major currencies and narrowing credit spreads led to a fall in the fair value of outstanding derivative contracts.
Before the crisis the loans and advances to banks increased very much between
the full range of services in corporate, SME, consumer and wholesale banking activities across Asia and the Middle East
Also active in capital markets, with extensive product origination and risk management capabilities
High quality asset: Highest credit rates among the region, credit rated AA- or Aa1
Sound financial structure: conservative approach when classifying NPLs