Relevant bibliographies by topics / Enron Scandal

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  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers

Academic literature on the topic 'Enron Scandal'

Author: Grafiati
Published: 4 June 2021
Last updated: 9 February 2022

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Journal articles on the topic "Enron Scandal"

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Grove, Hugh, and Maclyn Clouse. "Corporate Governance Principles and Sustainability." Corporate Governance and Sustainability Review 1, no. 2 (2017): 13–19. http://dx.doi.org/10.22495/cgsrv1i2p2.

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With 21st century U.S. frauds destroying well over one trillion of market capitalization and now with Valeant’s 2016 market cap destruction of $86 billion, the question must again be asked: where were the gatekeepers (boards of directors, regulators, sell-side financial analysts, and auditors) to protect investors? Many of these frauds were caught only by short sellers, such as Jim Chanos (shorting Enron in 2000 and Valeant in 2014), Andrew Left (shorting Valeant in 2015), and buy-side financial analysts. Sir David Tweedy, the former chair of the International Accounting Standards Board, has commented: “The scandals that we have seen in recent years are often attributed to accounting although, in fact, I think the U.S. cases are corporate governance scandals involving fraud” (Tweedy, 2007). This paper is a case study using the Valeant $86 billion market cap destruction in 2016 to emphasize the timeless nature of such corporate governance scandals. This scandal was even larger than the infamous $78 billion market cap destruction scandal of Enron which occurred 15 years earlier in 2001. These scandals appear here to stay as the new normal so these gatekeepers should be doing everything they can to analyze the ongoing fraud problems. Accordingly, as a case study, this paper develops lessons learned from this $86 billion Valeant scandal to emphasize the importance of sustainable corporate governance principles as a pathway to avoid malpractices in the future.
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McLean, Bethany. "Commentary: The smartest guys in the room – covering the Enron saga." Pacific Journalism Review : Te Koakoa 14, no. 1 (April 1, 2008): 15–31. http://dx.doi.org/10.24135/pjr.v14i1.920.

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Fortune magazine Bethany McLean profiles her expose on the 2001 Enron financial scandal... "I thought I'd just start by telling you the story of Enron from my own perspective. It is funny that Helen Clark used the word 'antediluvian' and the director of the enforcement of the US securities regulator SEC recently made a comment that many people in the market today weren't around at the time of the Enron collapse. That made me feel like a bit of a dinosaur..."
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Boje, David M., Grace Ann Rosile, Rita A. Durant, and John T. Luhman. "Enron Spectacles: A Critical Dramaturgical Analysis." Organization Studies 25, no. 5 (June 2004): 751–74. http://dx.doi.org/10.1177/0170840604042413.

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Enron shows us dramaturgy gone amuck. In this article, critical theory and postmodern theory are crossed to form a critical dramaturgyresulting in two main contributions. First, critical dramaturgy is differentiated from other forms of dramaturgy, showing how ‘spectacle’ is accomplished through a theatrical performance that legitimates and rationalizes, and casts the public in the role of passive spectators. Second, critical dramaturgy has important connections with public relations theory. While contemporary public relations is concerned with the building of relationships, critical dramaturgy looks at how corporate theatrical image management inhibits relationships by erecting the barrier of the metaphorical proscenium. The Enron scandal is viewed as the collapse of a corporate spectacle illusion into megaspectacle fragments. These fragments include the naming of Enron, the Valhalla Rogue Traders scandal, the Gas Bank, Greenmail, Cowboy Capitalism, the Skilling–Mark rivalry, and the Masters of the Universe theme. Intertextual analysis demonstrates how these fragments contribute to the ‘Greek Mega-tragedy’ of the Enron megaspectacle. The article integrates several corporate theatre processes relevant to understanding four types of spectacle: concentrated, diffused, integrated, and megaspectacle. The value of the critical dramaturgy conceptual work is to lift the romantic veil of spectacle theatrics to reveal the antenarrative fragments of stories marginalized and backgrounded.
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Bhasin, Madan Lal. "Creative Accounting Practices at Satyam Computers Limited: A Case Study of India’s Enron." International Journal of Business and Social Research 6, no. 6 (June 27, 2016): 24. http://dx.doi.org/10.18533/ijbsr.v6i6.948.

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<p>Satyam Computers were once the crown jewel of Indian IT industry, however, the debacle of Satyam raised a debate about the role of CEO in driving a company to the heights of success and its relation with the board members and core committees. The scam brought to the light the role of corporate governance (CG) in shaping the protocols related to the working of audit committees and duties of board members. The Satyam scam was a jolt to the market, especially to Satyam stockholders. This paper attempts an in-depth analysis of India’s Enron, Satyam Computer’s “creative-accounting” scandal. In public companies, this type of ‘creative’ accounting leading to fraud and investigations are, therefore, launched by the various governmental oversight agencies. The accounting fraud committed by the founders of Satyam in 2009 is a testament to the fact that “the science of conduct is swayed in large by human greed, ambition, and hunger for power, money, fame and glory.” Scandals have proved that “there is an urgent need for good conduct based on strong corporate governance, ethics and accounting &amp; auditing standards.” The Satyam scandal highlights the importance of securities laws and CG in emerging markets. Indeed, Satyam fraud “spurred the government of India to tighten the CG norms to prevent recurrence of similar frauds in future.” Thus, major financial reporting frauds need to be studied for ‘lessons-learned’ and ‘strategies-to-follow’ to reduce the incidents of such frauds in the future. The increasing rate of white-collar crimes “demands stiff penalties, exemplary punishments, and effective enforcement of law with the right spirit.”</p><h2> </h2>
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Petrick, Joseph A., and Robert F. Scherer. "The Enron Scandal and the Neglect of Management Integrity Capacity." American Journal of Business 18, no. 1 (April 22, 2003): 37–50. http://dx.doi.org/10.1108/19355181200300003.

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Grove, Hugh, and Milan Čupić. "ICN pharmaceuticals: corporate governance analysis." Corporate Ownership and Control 7, no. 4 (2010): 73–89. http://dx.doi.org/10.22495/cocv7i4p6.

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ICN Pharmaceuticals, Inc. (today Valeant Pharmaceuticals International) was a drug developer and manufacturer, known in the medical field for its development of Ribavirin, an antiviral compound used to treat various viral infections. However, ICN will probably be remembered mostly as an example of problematic and inefficient corporate governance. Changes in the management structure of ICN occurred almost at the same time when corporations, like Enron, WorldCom, Tyco, were dealing with financial scandals caused by problems in corporate governance. Since ICN was not a powerful corporation and found a way to deal with its problems, it was not subject of any big financial scandal. Nevertheless, it is interesting how ICN managed to operate, in some years even successfully, with so many corporate governance problems and how Milan Panic managed to stay at the top of ICN for 42 years, in spite of his numerous expensive law suits, scandals and bad decisions.
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Wirianata, Henny, and Sofyan S. Harahap. "PERSEPSI DOSEN DAN MAHASISWA AKUNTANSI TERHADAP PROFESI AKUNTAN PUBLIK PASCA ENRONSTUDI KASUS PADA LIMA PTS DI JAKARTA BARAT." Media Riset Akuntansi, Auditing dan Informasi 7, no. 3 (December 24, 2007): 367. http://dx.doi.org/10.25105/mraai.v7i3.763.

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<p class="Style1"><em>This study is a developed from DeZoort, et al (1997), Yeni (2001) and Abdullah and Selamat </em><em>(2002), The objective is to know the perception of lecturers and students on public accountant </em><em>profession post Enron scandal and to know whether there is a significant difference between them. </em><em>Data is collected from questioners given to 5 private universities in West Jakarta with 210 respon-</em><em>dents consist </em>of <em>55 full-time lecturerrespondents and 155 accounting undergraduate students who </em><em>have taken or is taking auditing subject. The study shows that not all lecturers and students know </em><em>Enron Corporation scandal. In spite of that, lecturers and students who know and do not know, </em><em>have positive perception in public accounting profession post Enron and there is no significant </em><em>difference between them. While t-test result indicates that there is a significant difference percep-</em><em>tion between lecturers' and accounting undergraduate students', especially in ethic and responsi-</em><em>bility aspects, but not in knowledge and skill aspects. The result also shows lecturers have more </em><em>positive perception than students do.</em></p><p class="Style1"><em>Key </em><strong><em>words: </em></strong><em>Enron Corporation, academics, perception, public accountant profession, accounting </em><em>lecturer, accounting student</em></p>
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Ailon, Galit. "Mapping the cultural grammar of reflexivity: the case of the Enron scandal." Economy and Society 40, no. 1 (February 2011): 141–66. http://dx.doi.org/10.1080/03085147.2011.529331.

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Neuman, Eric J. "THE IMPACT OF THE ENRON ACCOUNTING SCANDAL ON IMPRESSIONS OF MANAGERIAL CONTROL." Academy of Management Proceedings 2005, no. 1 (August 2005): S1—S6. http://dx.doi.org/10.5465/ambpp.2005.18783289.

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Chandra, Uday, Michael L. Ettredge, and Mary S. Stone. "Enron-Era Disclosure of Off-Balance-Sheet Entities." Accounting Horizons 20, no. 3 (September 1, 2006): 231–52. http://dx.doi.org/10.2308/acch.2006.20.3.231.

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The scandal that followed Enron's failure to disclose billions of dollars of debt held by off-balance-sheet entities (OBSEs) prompted investor interest in these entities and motivated auditors to request more accounting guidance. The SEC responded by issuing Financial Release No. 61 (FR-61) to remind managers to follow SEC guidance for disclosures on liquidity and capital resources in the Management's Discussion and Analysis section of the annual report. FR-61 identifies disclosure objectives but does not require specific disclosures. We study how the OBSE-related disclosures of companies that sponsored OBSEs before Enron changed after Enron/FR-61. We find that while OBSEs were widely used by S&P 500 firms before Enron/FR-61, a majority of these firms either did not disclose their OBSEs or, if they did, provided little useful information. After Enron/FR-61, OBSE disclosure levels increased significantly but not uniformly across firms. The pattern of increases suggests that FR-61 reduced regulatory uncertainty and increased the perceived minimum level of required OBSE disclosure. Our results are consistent with the view that general guidance (of the type found in principles- or objectives-based accounting standards) may result in underdisclosure or a large disparity in level of disclosure, and that reminders of responsibility and suggestions to consider specific disclosures partially remedy both problems.
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Dissertations / Theses on the topic "Enron Scandal"

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Azibi, Jamel. "Qualité d’audit, comité d’Audit et crédibilité des états financiers après le scandale Enron : approche empirique dans le contexte Français." Thesis, Paris, CNAM, 2014. http://www.theses.fr/2015CNAM0950/document.

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Fin 2001, début 2002, les États-Unis ont été frappés par un nombre élevé de scandales financiers. Plusieurs affaires ont été révélées par les médias, singulièrement le cas Enron. La reformulation de la profession d'audit en matière d'indépendance des auditeurs et des comités d'audit après le scandale Enron a cherché à garantir la crédibilité des états financiers. L'objectif de ce travail est de tester l'effet de la nouvelle formulation de la profession d'audit, notamment en matière d'indépendance des auditeurs et des comités d'audit, précisément sur la question de la crédibilité des états financiers. Trois objectifs opérationnels ont été traités dans le cadre de cette étude. Premièrement, nous avons analysé les effets de l’affaire Enron sur la réaction des marchés financiers, le choix des commissaires aux comptes et l’affermissement du conservatisme des auditeurs, dans le contexte français. Deuxièmement, nous avons étudié l’impact de l’institution du Haut Conseil du Commissariat aux Comptes sur l’indépendance des auditeurs. Finalement, nous avons étudié l’influence du Comité d’audit sur la crédibilité des états financiers après le rapport Bouton de 2002. Les résultats empiriques s’attachent à montrer que la présence d’un co-commissaire aux comptes Non-Big a minimisé l’effet négatif de la réaction du marché financier français lors de l’annonce du scandale Enron. Par contre, le scandale Enron n’a pas influencé significativement la perception des investisseurs institutionnels étrangers envers les services des grands cabinets d’audit. Ces derniers n’ont pas justifié la production d’une bonne qualité d’audit par rapport aux Non-Big. Pour rétablir la confiance sur les marchés financiers, le législateur français est intervenu via la création d’un organisme de supervision publique de la profession comptable intitulé le H3C. Les résultats empiriques montrent que la création du H3C a renforcé l’indépendance des auditeurs. Par contre, l’annonce du lancement des activités disciplinaires de ce nouvel organisme après 2005 n’a pas d’effet significatif sur l’indépendance des auditeurs. Par contre l’apparition du rapport Bouton en 2002, et la nouvelle dimension accordée au contrôle interne, montre que ce dernier dépendant des caractéristiques des comités d’audit notamment l’expertise et l’indépendance de leurs membres
At the end of 2001, the scandal series was announced in the US context. Several scandals, especially the Eron failure, were revealed in the first stage by the media. The main purpose of this research is to study the impact of the new reform, in audit after Enron scandal, on auditor independence, audit comity and financial statement credibility. Three operational objectives have been treated in this study. First, we have analyzed the effects of Enron scandal on financial market reaction, auditor choice and auditor conservatism in the French context. Second, we have investigated the impact of the new reform on the auditor independence. Finally, we have examined the effect of audit committee on financial statement credibility after the adoption of the Bouton Report in 2002.The empirical results have shown that the presence of the Non-Big4 members in the legal audit process have minimized the negative effect of the reaction of the SBF 250. However, the perception of the foreign institutional investors has not changed significantly for the Big4 audit services. This auditor group (Big4) does not justify the production of the audit quality compared to other auditors in France. To restore confidence in the financial market, the French legislative authority has created the H3C. The empirical results have revealed that the establishment of the H3C has ameliorated the auditor independence. Hence, the announcement of the launch of H3C disciplinary activity after 2005 has not had a significant effect on auditor independence. In contrast, the appearance of the Bouton Report in 2002 and the reform related to the internal control depend on the audit committee characteristics (expertise and independence audit committee members)
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Abdi, Akam, and Wei Chen. "Intern kontroll : Används visselblåsning som mekanism i den interna kontrollenmot oegentligheter av ekonomisk brottslighet inom kreditinstituten?" Thesis, Mälardalens högskola, Akademin för ekonomi, samhälle och teknik, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-31434.

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Syftet med denna studie är att undersöka bankernas syn på internkontroll och vidare undersöka vilka mekanismer som används föratt effektivisera den interna kontrollen. Studien riktar sig på attundersöka huruvida visselblåsning används som en av demmekanismerna för att stärka förmågan med att upptäcka ochförhindra oegentligheter av ekonomisk art. Studien använder en induktiv metod för att leda insamlingen avdatamaterial. Vidare använder studien en kvalitativ metod baseradpå intervjuer med fyra olika banker där datamaterialet analyserasmed datamaterialet i kapitel två. Studien visar att det finns en positiv syn på den interna kontrollenoch visselblåsning som mekanism för att skapa en framgångsrikverksamhet. Fastän visselblåsning anses ha en kompliceradfunktion, används den fortfarande för att upptäcka och förhindraoegentligheter, såsom ekonomiska brott. Förutom visselblåsning,använder bankerna mer mekanismer för att stärka och effektiviseraden interna kontrollen. Att uppmana medarbetarna att följa lagaroch principer, utbilda medarbetarna inom olika områden samt attskapa olika arbetarsätt inom verksamheten, att genomföra interntillsyn och ständiga granskningar är en del av de mekanismer somanvänds.
The purpose of the study is to examine the banks view of internalcontrol and further investigate what mechanisms are used tostreamline the internal controls. The study is directed into whetherthe whistle-blowing is used as one of the tools in the internalcontrol to enhance the ability to detect and prevent irregularities ofa financial character. The study use a inductive method to lead the collection of datamaterial. The study further use a qualitative method based on fourinterviews with different banks were this data material is comparedwith existing theories in the second chapter. The study shows that the view of internal control and whistleblowingis positive in the process to create a successful company inthe banks. Despite that the whistle- blowing is known as acomplicated function, it’s still used to detect and preventirregularities of crimes, such of financial character. Except whistleblowing,the banks are using more tools to streamline the internalcontrol. To urge employees to comply laws and other principles,education in different areas for employers but also to createdifferent work approaches in the company, to make internal checkupsand constant supervision of the organization work is some ofthe tools that are used.
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Nosková, Adéla. "Účetní skandály a jejich vliv na vývoj auditorské profese." Master's thesis, Vysoká škola ekonomická v Praze, 2010. http://www.nusl.cz/ntk/nusl-76089.

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The aim of this work is the analysis of accounting scandals that took place at beginning of the 21st century. It describes the role that played audit firm in this context. It focuses on current and future situation in the audit market.
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Vesecká, Kristýna. "Etika v oblasti auditu." Master's thesis, Vysoká škola ekonomická v Praze, 2010. http://www.nusl.cz/ntk/nusl-112939.

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The work concerns with ethical demands of auditing profession. The first part is pointed to general evolution in ethics. The second part deals with auditor's work, with its progress, aim and meaning. The third part describes laws and the ethical code of auditing profession. And finally, in the fourth part are mentioned accounting scandals, which happened in the past. It describes the role of audit firms and what impact it has for them.
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王婉馨. "The contagion effects of enron and worldcom scandals." Thesis, 2003. http://ndltd.ncl.edu.tw/handle/11736348450893956847.

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Books on the topic "Enron Scandal"

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A financial history of modern U.S. corporate scandals: From Enron to reform. Armonk, N.Y: M.E. Sharpe, 2005.

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Markham, Jerry W. A financial history of modern U.S. corporate scandals: From Enron to reform. Armonk, NY: M.E. Sharpe, 2006.

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Reiman, Jeffrey H. Getting tough on corporate crime?: Enron and a year of corporate financial scandals. Boston: Allyn and Bacon, 2003.

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F, Sterling Theodore, ed. The Enron scandal. New York: Nova Science Publishers, 2002.

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John, Gledhill, ed. Corporate scandal: Global corporatism against society. New York: Berghahn Books, 2004.

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Corporate Scandals and Their Implications. West Academic, 2018.

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Smith, Rebecca. 24 Days: How Two Wall Street Journal Reporters Uncovered the Lies that Destroyed Faith in Corporate America. Collins, 2004.

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Smith, Rebecca. 24 Days: How Two Wall Street Journal Reporters Uncovered the Lies that Destroyed Faith in Corporate America. Collins, 2004.

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Financial History of the United States: From Enron-Era Scandals to the Subprime Crisis ; from the Subprime Crisis to the Great Recession. Taylor & Francis Group, 2011.

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Book chapters on the topic "Enron Scandal"

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Boddy, Clive R. "Enron Scandal." In Encyclopedia of Business and Professional Ethics, 1–4. Cham: Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-23514-1_2-1.

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Boddy, Clive R. "Enron Scandal." In Encyclopedia of Business and Professional Ethics, 1–4. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-319-23514-1_2-2.

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Tan, Pearl, and Gillian Yeo. "Accounting Scandals and Implications for Directors: Lessons from Enron." In Encyclopedia of Finance, 495–99. Boston, MA: Springer US, 2012. http://dx.doi.org/10.1007/978-1-4614-5360-4_40.

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Tan, Pearl, and Gillian Yeo. "Accounting scandals and implications for directors: Lessons from enron." In Encyclopedia of Finance, 643–48. Boston, MA: Springer US, 2006. http://dx.doi.org/10.1007/978-0-387-26336-6_65.

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Jacobs, Ronald N. "The Enron Scandal." In The Space of OpinionMedia Intellectuals and the Public Sphere, 172–94. Oxford University Press, 2011. http://dx.doi.org/10.1093/acprof:oso/9780199797929.003.0007.

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Macartney, Huw. "US Responses and the First Phase." In The Bank Culture Debate, 69–91. Oxford University Press, 2019. http://dx.doi.org/10.1093/oso/9780198843764.003.0004.

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This chapter covers the early 2000s in the US and explains the backdrop to the legitimacy crisis that unfolded as the culture of banking crisis hit. It explains that following a regulatory tightening after the Enron scandal and the Dot.com boom, efforts diminished by the mid-2000s. Using opinion poll data the chapter then shows how public confidence in both the banks and the political classes fell dramatically as the financial crisis hit. It then explores the initial political responses to the financial crisis, arguing that though bank culture was identified as a problem as early as 2008–9, the initial responses focused only on tightening market discipline to reform conduct.
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"Other Enron-Era Scandals." In A Financial History of the United States, 75–113. Routledge, 2015. http://dx.doi.org/10.4324/9781315706863-11.

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Petra, Steven, and Andrew C. Spieler. "Accounting Scandals: Enron, Worldcom, and Global Crossing." In Corporate Fraud Exposed, 343–60. Emerald Publishing Limited, 2020. http://dx.doi.org/10.1108/978-1-78973-417-120201022.

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Singh, Shailendra. "Capital Market Frauds." In Handbook of Research on Theory and Practice of Financial Crimes, 332–54. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-5567-5.ch018.

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In recent times there has been a significant development in financial markets that include global integration, internet-based trading, and financial innovation to name a few. Now financial markets are more sophisticated, diversified, and internationalized than ever. During the last decade, as a result of the Enron and WorldCom scandals, numerous legislations, amendments, and restructuring policies are introduced across the world. This chapter mainly covers various aspects of capital market frauds, manipulation practices, and country case studies from global financial markets. The chapter also highlights international regulatory frameworks, guidelines, and challenges being faced by the regulatory authorities. Fraud detection mechanisms and opportunities for the future are also discussed.
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Martí, María de Lourdes Eguren. "Assets Management and Risk Control." In Optimum Decision Making in Asset Management, 374–98. IGI Global, 2017. http://dx.doi.org/10.4018/978-1-5225-0651-5.ch017.

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Risk management and internal control is a subject that has increased its relevance due to the recent financial scandals on companies like Enron and Worldcom, and the increment of fraud cases and financial misstatements around the globe. In line with this, several initiatives have been defined or required in order to control the risk exposure in the company processes, including the development of internal control standards like Sarbanes-Oxley (SOX). One of the factors to be considered when taking optimum decisions is risk. Due to this, in this chapter the key concepts over risk assets management will be exposed, including a practical example under SOX framework as well as a system's approach and value management perspective.
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Conference papers on the topic "Enron Scandal"

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Liu, Shihan, Lingyuan Lu, and Yidi Wu. "The Role of SPEs in the Enron Scandal and Its Implications for China." In 2021 International Conference on Financial Management and Economic Transition (FMET 2021). Paris, France: Atlantis Press, 2021. http://dx.doi.org/10.2991/aebmr.k.210917.001.

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Dahroug, Ahmed, and Kevin O’Connell. "The Fall and Rise of Oilfield Ethics." In SPE Annual Technical Conference and Exhibition. SPE, 2021. http://dx.doi.org/10.2118/206176-ms.

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Abstract The oilfield is in many ways the backbone of the world economy. Historically economic recessions and booms were linked directly or indirectly to the oil price, itself governed by supply and demand. Since the start of this industry, it has experienced multiple scandals and major accidents that have affected its path to date. In 2001 the Enron scandal of poor accounting practices shook the entire stock market, and it contributed to the complete recession in the same year. Not too long after, a supermajor revealed in 2004 a reserves accounting error that surprised the world. In 2010 the Deepwater Horizon blow out known as the "Macondo Incident" caused serious damage to the environment and significant fines to be paid in compensation due to poor engineering practice. Incidents like these arise concurrent with times of high demand and are instructive as we study their causes and effects on the oil industry and therefore the global economy. Areas of study for this paper include reserves/production estimation as well as ethical considerations for the oil industry at large. Our study is based on the review of uncertainty in both the subsurface and surface parts of oil and gas production. We refer to the previous classifications of uncertainty for the subsurface part and focus on the uncertainty currently existing within the surface production system. Current surface production monitoring methods are discussed. We propose a more automated process to reduce the current uncertainty about hydrocarbon production. Artificial intelligence applicability in the surface production system is investigated. Additionally, in this paper we review the previously mentioned poor practices and accidents briefly and use them to guide our suggestions about preventive actions to avoid future wrongdoing and incidents. We attempt to provide an objective for oilfield ethics and advocate for a unified oilfield industry code of ethics. However due to the large diversity that exists in the wide range of oilfield disciplines, a single code of ethics may not be applicable. Accordingly, we propose a guideline that may be used by different parts of the oilfield industry to develop an application-specific code of ethics. It is hoped that this guideline will guard against the gaps that may foster errors that affect the oilfield industry and global markets.
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