Is the approach of maximizing shareholder wealth compatible with stakeholder objectives?
Essay - 2 pages - Business strategy
Based on the study of an article published by Michael C. Jensen (Harvard Business School) entitled Value Maximization, Stakeholder Theory, and the Corporate Objective Function, we will look at the limits of an approach aimed at maximizing shareholder wealth for other stakeholders.
The Impact of the Barcelona Traction Case on Shareholder Protection under International Law or The Diplomatic Protection of Companies and Shareholders
Thesis - 27 pages - International law
This research paper has been written by Mr Éric J. CHICATE-LAURENT, a student at University of Paris 1 Panthéon-Sorbonne. The Barcelona Traction judgment of the International Court of Justice (ICJ) of February 5th 1970, considerably shaped the protection of foreign investors. Indeed, this...
Creating and measuring shareholder value in British corporations
Case study - 15 pages - Business strategy
The shareholder value in business industry is the most commonly used term in present age. The wildfire of equity culture is quickly spreading from United States to the whole world business industry and it has been grasped as critical today as it was in the last few decades. In United...
The effectiveness of legal restrictions on distributions to shareholders in achieving "Creditor Protection"
Essay - 2 pages - Finance
In this essay, I will critically evaluate the effectiveness of legal restrictions on distributions to shareholders in achieving “creditor protection”. It consists of showing the good and the bad points of these restrictions. Firstly, I will define the terms used previously. Then,...
Compensation structures for the better alignment of management and shareholder interests
Thesis - 13 pages - Business strategy
In recent years there has been much controversy surrounding the supposed ‘high' levels of executive compensation in large publicly traded firms. CEO pay packages, measured as multiples of average non-corporate worker pay, reached a peak of 525 times in 2000. Pay packages have also grown far...
PepsiCo 2007: Strategies to increase shareholder value
Presentation - 15 pages - Management
This presentation takes a look at the history of Pepsico. It covers some of the key points in the evolution of Pepsico as a company. It will cover points like fast food acquisitions and Quaker Oats acquisition. It will also cover points like the strategy, revenue contributions, competition in...
Merger and acquisitions
Tutorials/exercises - 9 pages - Linguistics & languages
This document offers exercises intended for students studying accounting, finance or business management. They include exercises calling on a variety of skills such as written and oral comprehension, vocabulary...
Structured finance LBO presentations on Kinder Morgan - How did the deal end?
Case study - 1 pages - Finance
The Leveraged Buyout of Kinder Morgan, can be characterized as a successful financial maneuver. The immediate indicators post-LBO (the premium paid to shareholders and the strategic reinvestment by the CEO) suggest that the deal was met with optimism by those at the helm.
How to set up a business in Italy
Course material - 3 pages - Business law
The concept of a company started 600 years ago, when men thought of doing business together to share responsibility and profit thanks to a contract. A company needs a contract when there is more than one person who wants to start a business in the name of a legal entity. Civil codes of each...
Legal Capacity and Theoretical Concepts Over Companies
Course material - 4 pages - Business law
How to finance a company: the traditional way in SRL or SPA is subscribing to the capital. You could do shareholding loans, loans made by shareholders, these loans do not enter into the capital but enter their liability and assets in cash, without interest (could be) and not proportional...
SWOT Analysis - Vodacom
Case study - 5 pages - ICT marketing
Vodacom is a company that originated in South Africa in 1993, founded by Alan Knott-Craig Senior, who later handed the reins over to his son, Alan Knott-Craig Junior. The company has become the leading purpose-led African provider of financial and digital services, and connectivity, offering a...
Economic and Financial Management - Jaguar Land Rover
Case study - 9 pages - Finance
This report entails an analysis of Jaguar Land Rover's financial statement. This report explores the firm's financial performance regarding the different financial ratios, including liquidity, profitability, leverage and net profit margin. A comparative analysis of the firm's financial ratios for...
Customer value creation: The case of Beats Electronics
Case study - 3 pages - Business strategy
Value creation is one of the core aspects of any firm as it is linked to shareholder value. It is important to care about the manner in which customers place value in the brand. Customer perceptions of value are often unclear which creates a wide opportunity for companies to tap into. This...
Estimation of the cost of equity capital using Gordon's dividend discount model
Case study - 5 pages - Economy general
Mishkin and Eakins, (2006) defines expected rate of return on equity as “the amount of net income returned as a percentage of shareholders' equity.” The return on equity is used to estimate the profitability of a company by establishing the amount of income generated using...
Analysis of LVMH
Thesis - 10 pages - Management
The LVMH (Moet Hennessy Luis Vuitton SA) luxury brand has the following shareholder capital structure described in Figure 1-1 below. The main shareholders are the Group Arnault with 47% shares in personal property. 28% of the shares are held by foreign institutional investors and...
Financial performance measure alone as opposed to an approach which encompasses both financial and nonfinancial measures
Essay - 3 pages - Finance
Bacidore et al (2019) state that "An appropriate performance measure gauges how management strategy affects shareholder value". Shareholders, as well as stakeholders, plays an essential role in the management of an organization. The evaluation of a potential strategy to apply with...
Carrefour group: Case study
Case study - 6 pages - Business strategy
According to “Carrefour” financial reports “Carrefour” particularly relies on both “Borrowing” and “Shareholder's equity” at approximately the same level. If we look closer at the charts we can notice that: -In 2007 shareholder's equity was...
Basic financial statements and their uses
Case study - 2 pages - Management
Companies should prepare these 4 basic financial documents at the end of every financial period. Balance sheet shows the information about what a company owns and owes at any point of time. Profit & Loss Statement shows the information about company earnings and expenditures in a specific period....
Cartier's global operations
Market study - 7 pages - Business strategy
The famed watch and jewelry House of Cartier, one of the classiest brands in the industry, can trace its origins back to 1847, when Louis-Francois Cartier opened a small jewelry store in Paris. Over the years, the brand has evolved to become the official jeweler of the Royal courts of England,...
A look at corporate taxation
Essay - 4 pages - Finance
As any business withdraws and employs reduction of all or parts of its assets to cash or cash equivalents to its shareholders, the last step that is usually undertaken is the complete liquidation of the corporation and this denotes the end of the corporation's life as well as the...
IP Strategy for Greentech Ltd in the area of Low Carbon Technology
Case study - 6 pages - Educational studies
Modern businesses cannot survive if they are unable to create, exploit, while at the same time ensure that Intellectual Property (IP) is protected; R&D efforts would be compromised, as well. In addition to the expertise provided by professionals, it is nowadays important for organizations to have...
First Pacific Company
Case study - 16 pages - Services marketing
First Pacific Company Ltd (FPC) is a Hong Kong public listed holding company with business interests in telecommunications, infrastructure, consumer food products and natural resources. FPC started in 1981 as a small Hong Kong-based financial services company established to allow four of...
Human Resources Management Comparison: France and US
Internship report - 10 pages - Human resources
Human Resources Management, summed up recently by Storey, is "a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an array of cultural, structural and personnel techniques"...
Porsche and Volkswagen: The Union of David and Goliath
Thesis - 5 pages - Management
On the one hand, we have Porsche, the champion race car, the big-engined sports specialist available at exclusive rates. On the other hand, we have the Volkswagen Convertible, which is "popular" in the literal sense; the Beetle was the inaugural model, which is still essentially ‘a car for...
Strategic analysis of the L'Oreal group
Thesis - 32 pages - Business strategy
The cosmetics market is one of the biggest markets with technology.It creates a net turnover of 6 per year, 543 billion euros in France and is one of the largest markets in the world. The figure seems impressive; it merely reflects the enthusiasm and buying of more and more beauty products by...
Strategy of Air France: Analysis and recommendations (2009)
Case study - 38 pages - Business strategy
Born on August 30, 1933 by the consolidation of major French airlines ‘Societe Generale Air Transport,' Air Union, the International Company for Air Navigation, Air East and ‘Compagnie Generale Aeropostale', Air France formed the largest French airline company. In January 2000, the...
Success of the perfume "I analyze adore" of Christian Dior
Case study - 11 pages - Services marketing
"That magic name which includes that of God and Gold”, these are the words of Jean Cocteau on the Dior brand. In this presentation, we will try to decipher the planetary success of a fragrance that many women have adopted with fervor: J'adore Dior. This famous perfume is celebrating its...
Internationalization strategy of the Accor group
Thesis - 25 pages - Business strategy
Accor is one of the major French groups to have an international base, and is distinguished by a remarkable internationalization strategy. The main ambition is to ensure the continued growth of the business and ensure its sustainability. What then are the strengths and weaknesses of Accor which...
Empirical investigation on the determinants of corporate dividend policy. Sectors considered: 'Food and drugs retailers' and 'Health care equipment and services'
Thesis - 7 pages - Finance
The Corporate Dividend policy, also called the Dividend Puzzle (Black, 1976) has always beensubjected to a lot of studies since, at least, the paper of Modigliani and Miller in 1961. The work ofthese authors stated that, in a frictionless world, when the firm has a constant investment policy,its...
Analysis on the group of JC Decaux SA
Case study - 16 pages - Business strategy
The group JC Decaux invests on an average of about 200 million Euros each year to fund its growth. It is important to note that the investment turns primarily to urban furniture as the detriment of other areas of strategic activity. This seems consistent strategy for several reasons: the group...
