The Conflicts of Managerial Capitalism
Bernard E. Munk
Chapter Chapter 6 in Disorganized Crimes, 2013, pp 61-78 from Palgrave Macmillan
Abstract:
Abstract As the Long Boom ended, the scope of financial scandals exposed to public inspection expanded considerably. Some took the view that scandals merely represented “a few bad apples at the bottom of the barrel.” If few in number, they were quite large in their impact. The “few bad apples” view became increasingly difficult to sustain. Congress didn’t believe it; the media didn’t believe it; and many commentators on corporate governance didn’t believe it either. The losses were just too large to be explained away as unusual occurrences of managerial excess.
Keywords: Corporate Governance; Earning Management; Stock Option; Corporate Control; Managerial Capitalism (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33027-7_6
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DOI: 10.1057/9781137330277_6
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