Observations on Enron

Richard L. Sandor

Chapter 26 in How I Saw It:Analysis and Commentary on Environmental Finance (1999–2005), 2017, pp 107-110 from World Scientific Publishing Co. Pte. Ltd.

Abstract: It didn’t make the headlines when Enron collapsed. It didn’t have the human interest stories of financial ruin associated with the loss of jobs and pensions. It lacked political drama and there was no need to debate legislative and regulatory action because it wasn’t associated with investor protection, fraudulent accounting, or inadequate corporate governance. It was only a story about market architecture that ended the same way others ended. However, its effect on risk management and the efficiency of energy markets may prove to be profound…

Keywords: Environment; Emissions; Trading; Finance; Derivatives; Water; Energy; Carbon; Catastrophe; Weather; Sustainability; Fisheries; Greenhouse Gases; Sulfur Dioxide; Acid Rain (search for similar items in EconPapers)
JEL-codes: Q50 (search for similar items in EconPapers)
Date: 2017
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