Corporate failures: Declines, collapses, and scandals

被引:26
|
作者
Cole, Rebel [1 ]
Johan, Sofia [1 ,3 ]
Schweizer, Denis [2 ]
机构
[1] Florida Atlantic Univ, Finance, Coll Business, 777 Glades Rd, Boca Raton, FL 33431 USA
[2] Concordia Univ, Finance, John Molson Sch Business, 1450 Rue Guy, Montreal, PQ H3G 1M8, Canada
[3] Univ Aberdeen, Business Sch, Old Aberdeen AB24 3QY, Scotland
关键词
Law and finance; Financial market misconduct; Fraud; Regulation; Trust; FRAUD; MARKET; MISCONDUCT; INCENTIVES; GOVERNANCE; OWNERSHIP; IMPACT; BOARD;
D O I
10.1016/j.jcorpfin.2020.101872
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Numerous collapses and corporate scandals of large corporations have underscored the impact of corporate conduct on capital markets and society as a whole. These failures have highlighted the need for regulators to rethink regulatory frameworks and enforcement, and for corporations to rework their organizational structures and focus on business ethics. Establishing a clear understanding of the drivers of corporate failure is therefore key. In this paper, we review recent research that extends the debate on the causes and consequence of corporate failures.
引用
收藏
页数:11
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