After Enron: Improving Corporate Law and Modernising Securities Regulation in Europe and the US

After Enron: Improving Corporate Law and Modernising Securities Regulation in Europe and the US
ISBN-10
1472559983
ISBN-13
9781472559982
Category
Corporate governance
Pages
718
Language
English
Published
2006
Authors
John Armour, Joseph McCahery

Description

At the end of the twentieth century it was thought by many that the Anglo-American system of corporate governance was performing effectively and some observers claimed to see an international trend towards convergence around this model. There can be no denying that the recent corporate governance crisis in the US has caused many to question their faith in this view. This collection of essays provides a comprehensive attempt to answer the following questions: firstly, what went wrong - when and why do markets misprice the value of firms, and what was wrong with the incentives set by Enron? Seco.

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