Euro Disney or Euro Disaster?

2017 ◽  
pp. 1-14 ◽  
Author(s):  
Leslie E. Grayson ◽  
Golnar Sheikholeslami
Keyword(s):  
Financial Performance ◽  
French Franc ◽  
Theme Park ◽  
The Troubles ◽  
Financial Restructuring ◽  
Disney Theme Park

This case concerns the troubles that Euro Disney experienced from the start. Euro Disney claimed that the major cause of its poor financial performance was the European recession and the strong French franc. The timing of the park's opening could not have been more inopportune. If the recession had been the only cause of Euro Disney's problems, the financial restructuring would only need to carry the park forward to better economic times. Only when Europeans began spending freely again would investors learn the answers to some uncomfortable questions: Was the whole idea of Euro Disney misconceived? Were there other fundamental cultural problems that could inhibit the park's success? Would Euro Disney fail to recover even though other European companies did? And, if so, why was the Disney theme-park concept successful in Japan and not in France?

scholarly journals The Effect of Financial Restructuring on the Overall Financial Performance of the Commercial Banks in Vietnam

2020 ◽  
Vol 7 (9) ◽  
pp. 75-84
Author(s):  
Tam Thanh Nguyen DUONG ◽  
◽  
Hai Thanh PHAN ◽  
Tien Ngoc HOANG ◽  
Tien Thuy Thi VO
Keyword(s):  
Financial Performance ◽  
Commercial Banks ◽  
Financial Restructuring

scholarly journals Intervening Effect of Financial Services on the Relationship Between Bank Restructuring and Financial Performance

2017 ◽  
Vol 13 (28) ◽  
pp. 121
Author(s):  
Angela Mucece Kithinji ◽  
Mirie Mwangi ◽  
Kate Litondo ◽  
Martin Ogutu
Keyword(s):  
Financial Performance ◽  
Financial Services ◽  
Commercial Banks ◽  
Study Results ◽  
Direct Association ◽  
Financial Restructuring ◽  
Research Philosophy ◽  
Asset Restructuring ◽  
Bank Restructuring ◽  
The Relationship

Previous studies on the relationship between bank restructuring and financial performance reveal conflicting results with few studies establishing the effect of financial services. Few studies have investigated the causality between bank restructuring and financial performance as intervened by deposits and customer loans. The positivism research philosophy and descriptive and inferential causal research design were used in this study. The hypothetical view of the study was that the relationship between bank restructuring and financial performance of commercial banks in Kenya is not intervened by deposits and customer loans. The 39 commercial banks that were consistently in business for the period 2002 to 2014 were included in the study. Bank restructuring was disaggregated into financial restructuring, capital restructuring, operational restructuring and asset restructuring. The empirical findings were as follows: There was a significant direct association between bank restructuring and financial performance which was intervened by deposits and customer loans as proxies for financial services. Deposits were found to be significant in intervening the relationship between bank restructuring and financial performance. Customer loans on the other had was not found to significantly intervene the relationship between bank restructuring and financial performance. A composite variable of financial services denoting the aggregate of the intervention of deposits and customer loans showed a significant intervening effect on the relationship between bank restructuring and financial performance. The study outcome therefore reveals that the hypothesis that the relationship between bank restructuring and financial performance is not intervened by financial services is rejected. The conclusion is that banks should focus more on deposits to caution against a decrease in financial performance. Additionally customer loans should not be ignored since the intervention though insignificant tends to negatively influence financial performance. The implication is that when banks focus more on the provision of financial services they are likely to compromise financial finance possibly because of the increased costs associated with providing financial services. Regulatory institutions such as the Central Bank of Kenya (CBK) and the Kenya Institute of Bankers can use the study results to enhance policy and prudential guidelines to increase profitability of the banks. The study recommends that there is need to increase financial services offered by banks to increase outreach other than improving profitability of banks.

Globalization and Cultural Imperialism

2008 ◽  
Vol 9 (1) ◽  
pp. 113-136
Author(s):  
John Meyer
Keyword(s):  
Cultural Imperialism ◽  
Theme Park ◽  
Japanese People ◽  
Walt Disney Company ◽  
Walt Disney ◽  
Full Explanation ◽  
French Culture ◽  
Disney Theme Park

When Tokyo Disneyland opened in 1983, the Japanese people welcomed this American cultural export with open arms and open wallets. The decade that followed saw continually rising profits and the highest spending-per-guest of any Disney theme park. In 1992, the Walt Disney Company attempted to emulate this success by opening Euro Disney, only to face financial disappointment and cultural backlash. While some basis for these divergent experiences might be found in the inherent differences between Japanese and European (specifically French) culture, this is by no means a full explanation. Instead, this article places more of the onus on organizations to approach globalization in a more responsive, rather than control-oriented, manner.

Comcast and Disney Theme Park Strategy: Competing in a Complex Environment

2015 ◽  
Author(s):  
Emmanuella Owens ◽  
Caroline Agbemabiese ◽  
Karen Song ◽  
Fred DeMicco
Keyword(s):  
Theme Park ◽  
Complex Environment ◽  
Disney Theme Park
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