Reforming Regulation of Corporate Governance

Kenneth Lehn

No 2006-PB-19, NFI Policy Briefs from Indiana State University, Scott College of Business, Networks Financial Institute

Abstract: Since the revelation of accounting scandals at Enron, Worldcom, and several other high profile companies ('Enron et al') five years ago, there has been unprecedented public focus on U.S. corporate governance. A common view, articulated by many journalists, politicians and public pundits, is that these scandals were indicative of a crisis that eroded investor confidence in U.S. corporations. This paper makes the argument that the increase in resources allocated to securities enforcement and the substantial penalties meted out to executives convicted of accounting fraud have dramatically reduced the incentive to engage in Enron-like behavior.

Pages: 15 pages
Date: 2006-11
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.indstate.edu/business/sites/business.in ... /2006-PB-19_Lehn.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.indstate.edu/business/sites/business.indstate.edu/files/Docs/2006-PB-19_Lehn.pdf [301 Moved Permanently]--> https://indianastate.edu/business/sites/business.indstate.edu/files/Docs/2006-PB-19_Lehn.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nfi:nfipbs:2006-pb-19

Access Statistics for this paper

More papers in NFI Policy Briefs from Indiana State University, Scott College of Business, Networks Financial Institute Contact information at EDIRC.
Bibliographic data for series maintained by Ray Thomas ().