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
2. The definition of social enterprise
A social enterprise is an organization that applies commercial strategies to maximize improvements in human and environmental well-being, rather than maximizing profits for external shareholders. Social enterprises can be structured as a for-profit or non-profit, and may take the form of a co-operative, mutual organization, a disregarded entity, a social bu
Part 1 Introduction
Abstract
Why Dividend policy
Dividend policy is important for investors because it is connected to the enterprise value directly. Recently, it is too much low that investors get profits from dividend payouts as compared with other countries. Dividend policy which creates value to the company and shareholders should be decided with consideration of future investment opportu
of their business. By doing that, the government forced conglomerates not to expand in various fields. Under this policy, the main fields of Samsung were electricity, engineering, and chemistry so Jeil-jedang, who had produced flour and sugar, was classified as minor branch of their business. In this situation, the company needed to get out of this unfavorable condition so it finally detached fro
of loans and advances and mortgage backed securities; the goodwill impairment and increment in loan charges.
The ROE of HSBC, that measures the profit generated by a company with the money the shareholders have invested, was also highly affected from 2008 showing decreasing percentages. This situation has several causes, first is the decline in profitability due to the reduction of the mortgage