The Emergence of Euro Companies Essay Example | Topics and Well Written Essays - 1500 words

The Emergence of Euro Companies - Essay Example This is quite astounding, particularly in regards to the United States, as the U.S. has, for quite some time now, been considered and known as being the most profitable and economically stable nation in the world. The issue of the emergence of Euro Companies as being significant global economic entities over the past few years is one which is of incredible importance and significance, and in order to be able to better understand about this matter overall, there are several factors that need to be thoroughly addressed and discussed. The aim of this paper is to not only discuss the issue of Euro Companies, what they are and their primary purpose, but as well to discuss the fact of how they emerged and became considered as being significant global economic entities, particularly over the past few decades. Therefore, here being discussed will not only be the topic of how Euro Companies have emerged and become significant global economic entities, but as well in regards to how operating a cross European culture and institutional boundaries may constitute as both a challenge and an opportunity for such organizations, as well as any and all other key and related issues. This is what will be dissertated in the following. In order to understand about Euro Companies in regards to any issue, you need to first recognize and understand about what Euro Companies actually are. Basically, and quite simply, a Euro Company is a company that is located or was begun in Europe or surrounding areas of Europe, and although they certainly do have many similarities to those companies that are in other areas of the world, particularly North America, there are many differences as well, of which are just as important, if not more, to take notice of. There are two constitutional principles in particular which are reflected with Euro Companies, which are subsidiarity and integration in the European Union, which clearly force the system overall to be one of jurisdictional competition. One of the core elements of the structure of European Company law consists of disclosure rules, and these rules are quite clearly dominant in European Company law in general, whether that is speaking in regards to accounting law, the law of capital markets, or in traditional EU Company Law Directives. The structure of Euro Company law is incredibly important to the issue of how these companies in particular have emerged as significant global economic entities however there are many other reasons that need to be taken into consideration as well. One incredibly important and significant issue that needs to be raised here is that of European oil companies in particular, as they have had a great impact on the overall emergence of European companies in general. Especially with the war in Iraq which has been going on for the past few years now, there has been an increasing need for oil, and it has been European companies more than any which have been able to produce this. North America particularly by far has been more in need than any other area in the world, as they have suffered the most from this lack of oil, and thus they have been creating a popularity with the Euro Companies because they have needed to import their oil from here. Global market forces in general, in fact, have truly created a dynamic and