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Enron, corporate governance and deterrence
Author(s) -
Dnes Antony W.
Publication year - 2005
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.1255
Subject(s) - corporate governance , deterrence (psychology) , business , accounting , tender offer , law and economics , economics , finance , shareholder
In this paper, I investigate the lessons from the financial scandals surrounding companies like Enron and WorldCom. These companies have generated concerns leading to the legal reform of corporate governance in America, and to the revision of voluntary, self‐regulatory codes in Europe. The passage of time since the Enron debacle shows that critics were too quick to criticize, since the required adjustments have more the nature of minor adjustments to regulations. Copyright © 2005 John Wiley & Sons, Ltd.