Document Type
Book Chapter
Publication Date
2003
DOI
https://doi.org/10.1093/oso/9780195167054.003.0002
Abstract
The sudden explosion of corporate accounting scandals and related financial irregularities that burst over the financial markets between late 2001 and the first half of 2002 e.g., Enron, WorldCom, Tyco, Adelphia, and others-raises an obvious question: why now? What explains the sudden concentration of financial scandals at this moment in time? Much commentary has rounded up the usual suspects and blamed the scandals on a decline in business morality, “infectious greed,” and similar subjective trends that cannot be reliably measured.
Disciplines
Economics | International Economics | Law
Recommended Citation
John C. Coffee Jr.,
What Caused Enron? A Capsule Social and Economic History of the 1990s,
Corporate Governance and Capital Flows in a Global Economy, Peter K. Cornelius & Bruce Kogut (Eds.) Oxford University Press
(2003).
Available at:
https://scholarship.law.columbia.edu/faculty_scholarship/4246