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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/26432
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| Title: | Four Years after Enron Assessing the Financial Market Regulatory Clean Up |
| Authors: | Smith, Roy C.
Walter, Ingo |
| Issue Date: | Nov-2005 |
| Series/Report no.: | FIN-05-029 |
| Abstract: | This paper assesses the efforts to “clean up” financial
markets and corporate governance practices in the wake of the
bankruptcies and scandals of the early 2000s. It begins by reviewing
what actually happened during that period, what damages ensued and the
responses of government enforcement agencies and policy makers, then
assesses the impact of the various actions that followed and their
effectiveness. The paper then looks at these actions in an historical
context, examining the possibilities of imbalances of power between
market insiders and ordinary investors that provide an uneven market
environment. Finally, it discusses actions that might be taken to have a
greater impact on leveling the uneven market, and what might be expected
in the way of altered governance practices for the future. |
| URI: | http://hdl.handle.net/2451/26432 |
| Appears in Collections: | Finance Working Papers
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