Explaining financial scandals : corporate governance, structured finance and the enlightened sovereign control paradigm /

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The explosion of the global financial crisis in 2007-08 reignited the urgency to reflect on the origins and causes of financial collapses. As the events in the above period triggered an economic meltdown that is still ongoing, comparisons with the Great Crash of 1929 started to abound. In particular...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Bavoso, Vincenzo (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Newcastle upon Tyne : Cambridge Scholars Publishing, 2012.
Temas:
Financial crises.
Economics, finance, business & management.
Economic & financial crises & disasters.
Corporate finance.
BUSINESS & ECONOMICS > Economics > General.
BUSINESS & ECONOMICS > Reference.
Financial crises
Acceso en línea:Texto completo
Tabla de Contenidos:
  • TABLE OF CONTENTS; LIST OF CASES; LIST OF STATUTES; LIST OF CHARTS; PREFACE; LIST OF ABBREVIATIONS; CHAPTER ONE
  • INTRODUCTION
  • 1.1
  • RESEARCH BACKGROUND; 1.2
  • CURRENT STATUS OF RESEARCH; 1.3
  • AIM OF THE RESEARCH; 1.4
  • METHODOLOGY; 1.5
  • STRUCTURE OF THE BOOK; PART I
  • THE THEORY; CHAPTER TWO
  • PROVIDING A THEORETICAL BACKGROUND TO FINANCIAL SCANDALS
  • 2.1
  • INTRODUCTION; 2.2
  • IDENTIFYING THE CORPORATE GOVERNANCE THEMES; 2.2.1
  • CORPORATE GOVERNANCE CLASSIFICATIONS; 2.2.2
  • THE HISTORICAL DEVELOPMENT OF THE CORPORATE GOVERNANCE DEBATE
  • 2.2.3
  • CORPORATE STRUCTURE: THE SEPARATION OF OWNERSHIP AND CONTROL2.2.4
  • DEFINING IN WHOSE INTEREST THE COMPANY SHOULD BE RUN: SHAREHOLDER VALUE vs. STAKEHOLDER THEORY; 2.3
  • IDENTIFYING THE CORPORATE FINANCE THEMES; 2.3.1
  • ANALYSING DIFFERENT PATTERNS OF FINANCIAL DEVELOPMENT; 2.3.2
  • THE ROLE OF FINANCIAL REGULATION; 2.4
  • CONCLUSION; PART II
  • THE LEGAL ISSUES ; CHAPTER THREE
  • CORPORATE GOVERNANCE ISSUES: THE CONTROL OF MANAGERIAL BEHAVIOUR
  • 3.1
  • INTRODUCTION; 3.2
  • BACKGROUND; 3.3
  • DELEGATION AND THE ISSUE OF FIDUCIARY DUTIES
  • 3.3.1
  • THE PROBLEM OF DIRECTORS' DUTIES AND THE ENLIGHTENED SHAREHOLDER VALUE3.3.2
  • THE NEW ACT; 3.4
  • COMPENSATION STRUCTURES AS ALIGNMENT OF INTERESTS; 3.4.1
  • THE PROBLEM OF STOCK OPTIONS; 3.4.2
  • RECENT REGULATORY REACTIONS; 3.5
  • CONCLUSION; CHAPTER FOUR
  • CORPORATE FINANCE ISSUES: FINANCIAL INNOVATION, SECURITISATION AND CREDIT RATING AGENCIES
  • 4.1
  • INTRODUCTION; 4.2
  • THE DEVELOPMENT OF SECURITISATION AS MAIN STRUCTURED FINANCE DEVICE; 4.2.1
  • THE SECURITISATION STRUCTURE; 4.2.2
  • THE ADVANTAGES AND THE PITFALLS OF SECURITISATION
  • 4.2.3
  • FINANCIAL INNOVATION: FROM SECURITISATION TO CDO AND CDS4.2.4
  • SECURITISATION LEGAL ISSUES ; 4.2.5
  • RECENT REGULATORY INITIATIVES; 4.3
  • THE ROLE OF CREDIT RATING AGENCIES AS GATEKEEPERS; 4.3.1
  • CRAs' BUSINESS MODEL; 4.3.2
  • THE REGULATORY ""PARADOX"" OF CRA; 4.3.3
  • THE CURRENT EU AND US FRAMEWORK; 4.4
  • CONCLUSION; PART III
  • THE CASE STUDIES; CHAPTER FIVE
  • BEYOND ENRON AND PARMALAT: THE LEGAL ENGINEERING THAT MADE THE FRAUDS POSSIBLE
  • 5.1 INTRODUCTION; 5.2
  • REASONS BEHIND CORPORATE SCANDALS: WHY AND HOW THEY HAVE BEEN COMMITTED; 5.3
  • THE ENRON BANKRUPTCY
  • 5.3.1
  • THE BACKGROUND5.3.2
  • THE GOVERNANCE FAILURE; 5.3.3
  • THE GATEKEEPERS' FAILURE; 5.3.4
  • THE FINANCIAL ENGINEERING; 5.4
  • PARMALAT: ENRON MADE IN ITALY; 5.4.1
  • THE BACKGROUND; 5.4.2
  • THE GOVERNANCE FAILURE; 5.4.3
  • THE CREATIVE FINANCE; 5.5
  • WHAT TO LEARN FROM THE SCANDALS; 5.6
  • CONCLUSION; CHAPTER SIX
  • THE GLOBAL FINANICAL CRISIS, NORTHERN ROCK AND LEHMAN BROTHERS: DÉJÀ VU?
  • 6.1
  • INTRODUCTION; 6.2
  • BACKGROUND TO THE 2007-08 CRISIS; 6.2.1
  • CHRONOLOGY OF THE CRISIS; 6.3
  • THE BANKS GO BUST; 6.3.1
  • NORTHERN ROCK; 6.3.2
  • LEHMAN BROTHERS
  • 6.3.3
  • THEMES UNDERLYING THE GLOBAL CRISIS

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