FROM ANCESTRAL TONG TO JOINT-STOCK COMPANY: THE TRANSFORMATION OF THE YIP KWONG TAI TONG IN SOUTH CHINA, 1830s–1960s

2015 ◽  
Vol 12 (1) ◽  
pp. 79-105
Author(s):  
Stephanie Po-yin Chung
Keyword(s):  
South China ◽  
Company Law ◽  
Joint Stock Company ◽  
Chinese History ◽  
Republican China ◽  
Stock Company ◽  
Economic Changes ◽  
Cultural Transformations ◽  
The World ◽  
World Economic

The Kwong Tai Company (光大公司 1917–1960) holds a unique position in modern Chinese history as the first joint-stock company registered in British Hong Kong that originated as an ancestral tong in South China. Its history reflects how a traditional ancestral tong adjusted its operations in a unique historical setting and coped with a new identity. This case provides a missing chapter in the story of how traditional Chinese corporate institutions came to terms with Western ideas of the company and company law. By looking into the institutional and cultural transformations of the Yip Kwong Tai Tong, this article reveals how traditional Chinese institutions responded to political and economic changes in Republican China, when the state in China evolved into a different form, and the ritual-based society was in decline, especially when the world economic system entered coastal China.

Slovak Simple Joint Stock Company – Critical Review and Preliminary Assessment

2020 ◽  
Vol 17 (2) ◽  
pp. 205-230 ◽  
Author(s):  
Mária Patakyová ◽  
Matej Kačaljak ◽  
Barbora Grambličková ◽  
Ján Mazúr ◽  
Patrícia Dutková
Keyword(s):  
Policy Maker ◽  
Critical Review ◽  
Legal Regulation ◽  
Company Law ◽  
Joint Stock Company ◽  
Legal Analysis ◽  
Stock Company ◽  
Preliminary Assessment ◽  
Legal Form ◽  
Innovative Potential

The aim of this paper is to describe a relatively new legal form of the simple joint stock company introduced into Slovak company law in 2017 and evaluate whether it may indeed be a suitable corporate vehicle for new companies with highly innovative potential (startups), or alternatively assess whether the legal form is suitable for other legal and business use cases; and explore and identify potential issues.Moreover, this paper provides an overview and legal analysis of the legal regulation of the simple joint stock company form in comparison with other legal company forms. The attractiveness of some of the key elements of the simple joint stock company’s regulation is verified by an empirical statistical method from public databases. Additionally, the article also provides an assessment as to what extent the identified objectives of the policy maker in relation to the introduction of the new legal form were achieved.

scholarly journals HIGH-SPEED ROLLING STOCK OF UKRAINE

2021 ◽  
pp. 32-42
Author(s):  
О.М. Safronov ◽  
Keyword(s):  
High Speed ◽  
Brake System ◽  
Rolling Stock ◽  
Joint Stock Company ◽  
The European Union ◽  
Stock Company ◽  
Passenger Traffic ◽  
Technical Requirements ◽  
The World ◽  
Electric Train

A brief history of the development of high-speed passenger traffic in the countries of the world is shown, it is shown that the length of high-speed highways (SMM) in the world is 44 thousand km. Despite the fact that Ukraine is not included in the list of 28 countries with the SMM, a two-system electric train ECR1 "Tarpan" was created on the basis of the PUBLIC JOINT STOCK COMPANY "KRYUKOVSKY RAILWAY CAR BUILDING WORKS" (PJSC "KVBZ") for the speed of movement of more than 200 km / h. A description of the electric train and the peculiarities of the brake system are given. It is shown that the brake system corresponds to world counterparts for high-speed trains about what evidence test results, which, due to the lack of ATS, were carried out for a speed of 160 km / h. The results of the settlement research, using the mathematical model and the results of the driving brake tests, showed that the braking pathway of the electric train at a speed of 200 km / h is 1539 m, and at a speed of 300 km / h - 3172 m. The obtained brake path values comply with the technical requirements of the European Union TSI . Studies confirm that Ukraine has high-speed rolling stock for speeds up to 300 km / h. Key words: high-speed rolling stock, electric train, brake system, brake path, speed

scholarly journals Economic-legal aspects of business assets definition and its effectiveness analysis

2004 ◽  
Vol 52 (6) ◽  
pp. 189-210
Author(s):  
Oldřich Tvrdoň ◽  
Radmila Presová ◽  
Martin Přibyl
Keyword(s):  
Legal Aspects ◽  
Plant Production ◽  
Joint Stock Company ◽  
The European Union ◽  
Stock Company ◽  
Corn Production ◽  
Effectiveness Analysis ◽  
The World ◽  
Definition Of

The thesis “Economic-legal aspects of business assets definition and its effectiveness analysis” analyses the contribution of business assets in joint-stock company Svornost Těmice. The company operates in the field of agricultural primary production. Focus of plant production still keeps the traditional composition of plants grown. In connection with increasing the quality of effectiveness of the machinery the area of corn-production will be expanded. In animal production, the company specialises on the pig-feeding and milking-cows.The theoretical part includes the opinions of the world economists and managers on the definition of basic concepts related to business assets. These opinions are confronted with those of Czech authors, in order to acquaint students of the Faculty of Business and Economics with them – focusing on students of the Trade Management specialisation.The practical part is focused on analysis of effectiveness of business assets in the selected company. It have confirmed that managers of this business have to improve the intensity of exploitation of the asset base and thus to reach its higher effectiveness. This task is necessary for operation in the intensive-competition environment formed after the entrance into the European Union.

The Brief History of the New-York Coffeehouse Company Limited

2021 ◽  
pp. 95-104
Author(s):  
Sára Czina ◽  
Keyword(s):  
New York ◽  
Social Life ◽  
Joint Stock Company ◽  
Stock Company ◽  
The Public ◽  
The Great Depression ◽  
Company Limited ◽  
The Everyday ◽  
The World ◽  
History Of

At the turn of the 20th century, Budapest was famous for its Coffeehouse Culture. One of the most popular Café was the New-York Coffeehouse; today, it is remembered for its literary life. After 20 years of operation, in 1913, new people bought the tenant’s rights and established the first Coffeehouse joint-stock company in Hungary, called New-York coffeehouse Company Limited. This paper aims to analyze the operation of the Company in relation to the stock transfers, analysis of its profitability, and the changes in the transformations in the shares. The main goal was to figure out how the profitability and the stock transfers were connected to the contemporary social and economic circumstances. The years of the World Wars, Revolutions, the Great Depression, and the cultural/social life of the twenties had their deep effects on the life of the Company. The changes were perceptible for the public, too. Many articles were published about the hardships of the Company and the changing atmosphere of the Coffeehouse. These were different; not all of them damaged the interest of the Company Limited equally. Still, the difficulties influenced the stock transfers, profitability, and the everyday life of the Managers and Shareholders. These circumstances are parallel to the changes of the Company.

scholarly journals CHINA COERCIVE DIPLOMACY THROUGH SOUTH CHINA SEA CONFLICT AND BELT & ROAD INITIATIVES

2019 ◽  
Vol 5 (2) ◽  
pp. 48
Author(s):  
Haetami Pitra
Keyword(s):  
South China Sea ◽  
South China ◽  
National Interest ◽  
Political Agenda ◽  
Economic Power ◽  
Coercive Diplomacy ◽  
China Sea ◽  
The World ◽  
World Economic ◽  
Us Hegemony

<p>This paper studies Chinese coercive diplomacy by first analyzing the South China Sea (SCS) issue from the perspective of China national interest which has Belt &amp; Road Initiatives (BRI) political agenda (formerly known as OBOR). Through BRI, China will be a counterweight to the world economic power in countering US hegemony. This paper aims to describe the coercive form of China diplomacy which has been implemented through both phenomena and to analyze China coercive diplomacy using theory and relevant concept. To achieve those goals, this paper employs qualitative research method as well as national interest and neorealism theory. The findings of this paper suggest that, in reflection of China-Sri Lanka bilateral experience, BRI is one of debt-track diplomacy of China commodities in maintaining energy and economy security. This paper is expected to be one of the studies about South China Sea which can see BRI more in the opportunities it brings</p>

scholarly journals A Bukaresti Értéktőzsde Felelős Társaságirányítási Kódexe a romániai állami vállalatok szabályozásának tükrében

2021 ◽  
Vol 4 (1) ◽  
pp. 195-217
Author(s):  
András Peti
Keyword(s):  
Corporate Governance ◽  
Stock Exchange ◽  
Regulatory System ◽  
Company Law ◽  
Economic Science ◽  
Joint Stock Company ◽  
Stock Company ◽  
Business Economics ◽  
Organizational Science ◽  
Important State

The corporate governance as a regulatory system has started a journey towards independence for a while, and sooner or later it will turn into a self-standing field of science. This process is facilitated not only by its transdisciplinary nature, which combines legal science with economic science, within the civil law, the corporate law, business economics, management and organizational science, but also, in the case of state-owned companies, with public administration and proceedings law. The timeliness of the topic is illustrated by the prolonged transition to market economy following the 1989 regime change, the controversial application of company law, the scandals around certain privatization processes, the bankruptcy of many important state-owned enterprises, all of these bringing about a willingness to establish a regulatory framework. Taking into consideration the above short presentation, the subject of our analysis is very complex; this article intends to limit the examination to the Bucharest Stock Exchange Corporate Governance Code, investigating it in comparison to the provisions of the Romanian legal system. At the same time, it sets as an objective to make use of a concrete example (the most important Romanian state-owned joint stock company listed at the Bucharest Stock Exchange), Romgaz, in order to present the reader the ways and circumstances of the implementation of the general principles and provisions to comply with , as included in the Code.

«Bankenmacht», «Verwaltungsherrschaft», «Aktionärsdemokratie»?

2020 ◽  
Vol 65 (1) ◽  
pp. 33-64
Author(s):  
Dieter Ziegler
Keyword(s):  
Management Control ◽  
Company Law ◽  
Joint Stock Company ◽  
Stock Company ◽  
Shareholder Protection ◽  
The North ◽  
Supervisory Boards ◽  
German Stock ◽  
Definition Of ◽  
Adequate Supervision

Abstract«Bankenmacht», «Verwaltungsherrschaft», «Aktionärsdemokratie»? On the problem of management control in German stock corporations 1870 to 1931The liberalization of stock company law in Prussia and the North German Confederation respectively as well as the abolition of state concessions as a prerequisite for the formation of a joint-stock company led to a debate about the means of control regarding joint-stock companies. The new stock company law instituted supervisory boards as a controlling body, as a mandatory «contracted general assembly», but did not elaborate on a clear definition of their duties. Yet, since the end of the so called «Gründerboom» in 1873, it became more and more apparent that the supervisory boards failed to provide adequate supervision. The law was amended in 1884 accordingly, in order to increase the supervisory boards’ means of control over the executive board. Subsequently, many joint-stock companies developed an oligarchic power structure, which cut down on shareholder protection rights. Banks were heavily involved in this process due to their voting rights as «inside shareholders», but by no means would it be suitable to label this as «Bankenherrschaft».

scholarly journals "The Bermuda triangle" of company, bankruptcy and law on takeover of joint stock companies: Three subjects of protection: Company, creditor and shareholder

2021 ◽  
pp. 193-213
Author(s):  
Mirko Vasiljević
Keyword(s):  
Legal Theory ◽  
Company Law ◽  
Bankruptcy Law ◽  
Joint Stock Company ◽  
Stock Company ◽  
Legislation And Jurisprudence ◽  
The Public ◽  
The Subject ◽  
A Company

Company, bankruptcy and the law on takeover of joint stock companies, by regulating the duties (obligations - debtor of the obligation) of members of the management of the public joint stock company (first of all), do not have the same approach in determining the subject of protection to which there is a prescribed duty (creditor of the prescribed obligation). On the other hand, the regulation of this issue is not uniform in the relevant comparative laws of these branches of law, both at the level of legal ("hard") law as well as at the level of autonomous ("soft") law. In this paper, the author seeks, first of all, to determine the dominant position of comparative regulations regarding the determination of the subject of law (the subject of protection) of the prescribed duty of the management of a company, as well as the reasons for such determination. The author takes the position, based on the appropriate argumentation that in the company law the subject of protection is a joint stock company (company as a legal entity), in the bankruptcy law it is an unsecured creditor while in the takeover law it is a shareholder. Since there is no unique position on these issues in legal theory, legislation and jurisprudence, the author refers to this situation as a kind of "Bermuda triangle".

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