a b c d e f g h i j k l m n o p q r s t u v w x y z    0 1 2 3 4 5 6 7 8 9 
а б в г д е ж з и й к л м н о п р с т у ф х ц ч ш щ ъ ы ь э ю я 

Скачать Dan Krier - Speculative Management: Stock Market Power and Corporate Change бесплатно

25 апреля 2009 | Автор: Admin | Рубрика: Научная литература » Экономика | Комментариев: 0

Dan Krier - Speculative Management: Stock Market Power and Corporate Change
State University of New York Press | 2005 | ISBN: 0791463508 | Pages: 315 | PDF | 5.87 MB

In the fall of 2001, the stock price of Enron, America’s seventh largest
corporation, collapsed amid reports of deepening accounting irregularities,
fictitious profits, shredded audit documents, and the suspicious
suicide of a key executive. Enron struggled to avoid bankruptcy but
failed. Arthur Andersen, Enron’s Big Five auditor, failed as well. Enron
and its most important trading partners, Dynergy, Reliant, and CMS Energy,
were found to have engaged in sham accounting, including the
booking of “round-trip swaps” to inflate revenues and earnings by as
much as $4 billion. Congressional hearings were held after the stocks of
Global Crossing and WorldCom plummeted as accounting irregularities
were discovered. The widening scandal underscored an uncomfortable
change in U.S. capitalism: deft manipulation of stock prices and accounting
figures have displaced the efficient management of industrial
production as the central concern of U.S. corporate executives.
This book chronicles changes in U.S. finance that increased the
power of the stock market over corporate life, diverting focus from production
to speculative management, the control of corporate actions and
results to raise the trading price of corporate shares. This book describes
how the speculative logic of the stock market was transmitted through
the mediation of financial accounting, the business media, and corporate
governance to encourage the dramatic restructuring of America’s
largest corporations in the late twentieth century. Corporate change in
recent times, from hostile takeovers in the 1980s, to downsizing of U.S.
firms in the early 1990s, to the spectacular failures of Enron, World-
Com, and Global Crossing in the early 2000s, was closely bound to
speculative trading in equity securities. Speculative management cuts
across and deepens understanding of this broad spectrum of corporate
change. The study’s empirical focus is the episode of downsizing and
corporate restructuring that peaked in U.S. corporations in the early
1990s. We begin with the consideration of a prominent example: Sunbeam

Do you know only a small part of all books is visible on the AvaxHome Homepage (@ Home)?
To see all of them use eBooks category.
If you enjoy my books look at my AvaxHome Blog

...::No mirrors, please::...

A Thief @ AvaxHome - read before using any RapidShare link
Dear users,
There is a growing number of phishing/spoofing rapidshare-similar mirrors in comments. Using it you run the risk of your rapidshare account being STOLEN.
Check them carefully before using, a proper RapidShare mirror has the following format:



A spoofing link is different e.g.


If you see such links, send a PM to staff immediately (nicks of the staff are here).

***Detailed information about Phishing can be found here***


Посетители, находящиеся в группе Гости, не могут оставлять комментарии в данной новости.