Overview
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About this book
Four years after the debacle, the term 'Enron' has earned its place in the everyday vocabulary of business ethics. Hardly anyone understands the business intricacies of what really happened with the sophisticated energy conglomerate. Even fewer are those able to envision, beyond the business case, the ethical questions and dilemmas facing actors at any one stage of the drama. Using the collapse of Enron as a case study, this book not only shows how and where ethics came into play, but also draws lessons and discusses possible remedies that may prevent the whole financial system from falling apart as a result of either excessive greed or over-regulation.
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Table of contents (16 chapters)
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Front Matter
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Overview of the Book
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Ethics in Thought and Action
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Front Matter
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Corporate Governance and Auditing
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Front Matter
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Reviews
'The essays in this book greatly enhance our understanding of the causes of one of the most important events in financial history. The authors examine in notable depth the ethical and governance dimensions of the Enron saga, while providing a fascinating commentary on the nature of modern finance capitalism.' - John Plender, Financial Times and author of Going off the Rail - Global Capital and the Crisis of Legitimacy
'Enron and World Finance addresses the most important issue of our time...This brilliant collection of essays with its remarkably insightful introduction and conclusion require us to consider what might be called the tyranny of economics...Enron is important not only in itself but also as a warning signal of the predictable destructive consequences of the failure of language.' - Robert A. G. Monks, Lens Governance Advisors, USA
'Enron offers an 'ideal' example of using or perhaps misusing financial innovations within modern corporations. The book Enron and World Finance provides a very insightful overview of this memorable case where the ethical dimension of an organization is nonexistent. As professors of Finance, we welcome such a book that illustrates the pitfalls of financial creativity when it ignores or abuses the boundaries of an honest corporate culture and of its management.' - Marc Chesney and Rajna Gibson, Professors of Finance, Swiss Banking Institute, University of Zürich, Switzerland
'The book provides, at once, afresh understanding of the place of ethical thought in financial markets, and a focus on leadership and responsibility for the implementation of ethical duties. I commend this fascinating book to a wide readership in financial and academic institutions.' - Professor Dr. Hans Tietmeyer, Bundesbankprasident i.R., Germany
Editors and Affiliations
About the editors
HENRI-CLAUDE DE BETTIGNIES Chair in Leadership and Responsibility and Professor of Asian Business and Comparative Management at INSEAD, France
HANS J. BLOMMESTEIN Head of Capital Markets Programme at the OECD, and Professor of Finance, Tilburg University, The Netherlands
HOHN R. BOATRIGHT Professor of Business Ethics, Graduate School of Business, Loyola University, Chicago, USA
JOHN DOBSON Researcher, California Polytechnic State University, USA
EDWARD DOMMEN President of the Scientific Committee of the Geneva International Academic Network, Switzerland
ROBERT G. KENNEDY Professor, Departments of Management and Catholic Studies' University of St Thomas, USA
BETH KRASNA Independent Board Member, Vaud Cantonal Bank, Switzerland; Federal Institutes of Technology; Raymond Weil South Africa
FRANÇOIS-MARIE MONNET Formerly Chair of the Swiss Bond Commission of the European Federation of Financial Analysts' Societies; member of the Swiss Stock Exchange Bond Index Commission; Board of Directors of the SICAV, created to respond to the needs of institutional investors
FRANK PARTNOY Professor of Law, University of San Diego, USA
ETIENNE PERROT Economist specializing in economic rent and corruption
CATHERINE SAUVIAT Senior Economist, Institut de Recherches Economiques et Sociales, France
DOMINGO SUGRANYES Member of the Executive Board of MAPFRE, an international Spanish-based mutual insurance group
ANTHONY TRAVIS Partner, PricewaterhouseCoopers, Geneva, Switzerland
Bibliographic Information
Book Title: Enron and World Finance
Book Subtitle: A Case Study in Ethics
Editors: Paul H. Dembinski, Carole Lager, Andrew Cornford, Jean-Michel Bonvin
DOI: https://doi.org/10.1057/9780230518865
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2006
Hardcover ISBN: 978-1-4039-4763-5Published: 16 December 2005
eBook ISBN: 978-0-230-51886-5Published: 16 December 2005
Edition Number: 1
Number of Pages: XVI, 257
Topics: Accounting/Auditing, Business Strategy/Leadership, Business Ethics, Finance, general