L'Oreal Group: Economic and Financial analysis
Case study - 55 pages - Finance
The L'Oreal group, created in 1909 as a small family business, has grown exceedingly since its IPO (initial public offering) on October 8, 1963. Held by the Bettencourt family (27.5%) and Nestle (26.4%), the Group is now a part of the CAC 40. World leader in cosmetics, L'Oreal has a...
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...
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...
Pirelli vs Continental
Case study - 6 pages - Business strategy
Around 1990, due to a substantial number of tyre manufacturers on the market, Pirelli SpA though of taking over the German tyres company named Continental AG. And after a long merger attempt which lasted more than two years, it finally ended with the sale of the Continental shares, owned by...
Barcelona Traction, Light and Power Company, Limited
Presentation - 7 pages - International law
The Court examined the question: "Can a State provide diplomatic protection to its citizens who hold shares in a company incorporated in a different country when shareholders' interests are impacted by actions against the company?"
The stakeholders
Worksheets - 10 pages - Management
In 1916, the car manufacturer Ford made enormous productivity gains. It decided not to give the shareholders with profits enormous dividends, but chose to increase the wages of employees, and to decrease the price of its cars in order to develop its market. Three years later, the supreme...
Corporate governance - What are the arguments for and against agency theory as a basis for understanding corporate governance?
Essay - 4 pages - Management
Corporate governance and the theory of the firm are two of the fastest growing topics in modern economic theory. Berle and Means argued that modern corporations were so dependent upon professional managers that a managerial economy had emerged, characterized by the separation of ownership from...
Impact of standards of IAS/IFRS in the financial communication
Essay - 13 pages - Finance
The advent of international accounting standards of IAS / IFRS as a reference system leads to a revolution in the world of business and communication thereof. International standards have a privilege over the economic approach to business, and are not historical as is often the case in French...
Virgin Mobil's proposed takeover by NTL
Thesis - 8 pages - Business strategy
NTL proposed a £871 m takeover of Virgin mobile but was rejected, then a second proposition was made at £961 m. On the 3rd of April they announced a total of $1.66 billion for Virgin Mobile. The negotiation will be ready to receive both cash and NTL shares in a deal. Virgin Mobile will have a...
Williams Act and takeover defences in the United States
Case study - 2 pages - Educational studies
This statement will be discussed : “Without the process effects generated by the availability of takeover defense in the United States, the Williams Act would not be fit for purpose” The United States is among the countries the most favorable to the use of takeover defenses. A takeover...
Corporate governance under English common law: The respective roles of executive and non executive directors
Thesis - 15 pages - Business law
The role of boards and its relationship to management must be clearly identified. The Companies Act provides that companies must have directors but does not define their functions. This is left to the articles of association, where the most undertaken practice consists of vesting the board of all...
Conflict of interest at Walmart
Thesis - 4 pages - Accounting
Wal-Mart Stores, Inc. is the largest retailer in the world, and it was founded in 1962 by Sam Walton. It is expanding further throughout the world to penetrate the global market. Wal- Mart operates retail stores in the United State in three different segments: discount stores, supercenters and...
What accounts for differences in the ownership structures among advanced industrialized countries? What are the leading theoretical perspectives? What are their strengths and shortcomings?
Thesis - 8 pages - Economy general
Corporate governance is a topic which is becoming more and more discussed in international business academia; there is still intense debate amongst leading theorists about the key issues concerning ownership structuring differences . Corporate governance and ownership structures are two separate...
Dividend policy irrelevance
Thesis - 5 pages - Finance
Depending on its life cycle and strategy, a firm has different financial needs. These financial needs could be fulfilled by internal or external resources. The sources of internal financing is cash flows. External financing could be debt and/or equity. When a firm uses debt, the interest rate it...
Capital budgeting tools and analysis of capital expenditures
Case study - 35 pages - Business strategy
Capital budgeting is a financial procedure to ensure that capital is allocated to value adding opportunities. A capital budgeting / investment proposal should be accepted /rejected depending on whether it generates, over the life of investment, returns more than its cost of capital. “Capital...
Maverick Energy Group: Company profile
Thesis - 18 pages - Business strategy
Maverick Energy Group, is a rapidly growing US independent currently positioned to benefit from the current rise in both oil and natural gas prices. Declining production and depletion of existing reserves within the United States is causing increased pressure on state and federal agencies to...
Mergers and acquisitions: GDF-SUEZ
Case study - 10 pages - Finance
The expression 'mergers and acquisitions' (abbreviated M&A) refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combining of different companies that can aid, finance, or help a growing company in a given industry grow rapidly...
The true-false Porsche Volkswagen Takeover (2007)
Thesis - 6 pages - Business strategy
A takeover is the purchase of a company (target) by another company (the bidder or acquirer). The target of a takeover must either be a company (corporation) or a sole proprietorship. The purpose of a takeover bid is to take control of the company concerned and its heritage. An IPO is different...
Quality Management at BNP Paribas Loire Valley
Case study - 8 pages - Management
BNP Paribas, considered the leading European banking group today, was founded on May 23, 2000, following a stock market battle that saw a fierce battle waged between BNP and Societe Generale for the merger with Paribas, with BNP coming out on top. Today, it is known as a company that concentrates...
Evaluation of Wal-Mart's business strategies
Thesis - 23 pages - Business strategy
Wal-Mart was founded by Sam Walton in 1962. The group operates in sixteen countries including the United States, Canada, Mexico, Argentina, Brazil, and China. In 2005, the total number of stores amounted to nearly 5000, with more than a quarter positioned abroad. The group has around 180 million...
Auditing a bank
Case study - 37 pages - Finance
Various people such as owners, shareholders, investors, creditors, lenders, government etc. uses the final account of a business concern for different purposes. All these users need to be sure that the final accounts prepared by the management are reliable. An auditor is an independent...
Analysis of Group AUCHAN
Case study - 26 pages - Management
In 1961 Gerard MULLIEZ founded his first supermarket in the Hauts-Champs of the city of Roubaix. It was not until 6 years later that G. MULLIEZ opened his first hypermarket in Tourcoing. From there, the group's growth has continued to progress. This was followed by the opening of its first...
Corporate Social Responsibility (CSR)
Tutorials/exercises - 19 pages - Business strategy
The history of corporate social responsibility is as old as trade and business itself. Business-related operations, for example, along with laws to protect forests, can be traced back to almost 5,000 years ago. When we look at history, we can see that in Ancient Mesopotamia around 1700 BC, King...
American Grain Corporation
Essay - 14 pages - Finance
American Grain Corporation: When shareholders are about to invest in project, they need to know what the financial consequences of it are. They need to plan the expenses and the possibilities of return on investment, regarding how long it will take to start earning a profit. To choose the...
Analysis of the purchase of Puma by PPR
Case study - 22 pages - Services marketing
PPR is a multinational group known and recognized worldwide for prestigious brands like Gucci. In 2007 it decided to make Puma its new prey. Indeed, PPR is a group which is accustomed to growing by acquiring companies in growing and very profitable sectors. The group was gradually built up by...
Companies dividend policy
Thesis - 23 pages - Finance
Dividend policy is one of the most important financial policies, not only form the viewpoint of the company, but also from that of the shareholders, the consumers, the workers, regulatory bodies and the Government. For a company, it is a pivotal policy around which other financial policies...
A presentation on how to make dividend decision (20 Slides)
Presentation - 5 pages - Finance
Dividend is a distribution to shareholders out of profits or reserves available for this purpose. The divided policy refers to the policy concerning quantum of profits to be distributed as dividend. Dividends are distributed to shareholders only when the board of directors declare...
Case study: Marks & Spencer
Case study - 12 pages - Services marketing
For over a century now, Marks & Spencer (M&S) has been one of the best-known British retailers. Since 1884, M&S has developed a traditional brand image of quality. However, since the end of the familial reign, M&S's results have declined little by little because of, among other things,...
Enterprises facing globalization
Case study - 8 pages - Management
The globalization of economies is at the heart of many economic and social debates. The rapidly changing political environment, economic and social development, increased trade in goods, services, and information currently concern all developed countries. This movement is not without any impact...
Enterprises direct from other countries and the Indian economy
Thesis - 25 pages - Business strategy
The notion of control implies the ability to direct an enterprise and determine its strategy. This ability can be exercised by an investor with a majority shareholding (more than 50%). The aggregate “nationally-controlled enterprises” includes enterprises controlled by the reporting...
