Enron: widespread myopia

Nihel Chabrak () and Nabyla Daidj ()
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Nihel Chabrak: DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique, IMT-BS - DEFI - Département Droit, Économie et Finances - TEM - Télécom Ecole de Management - IMT - Institut Mines-Télécom [Paris] - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]
Nabyla Daidj: IMT-BS - MMS - Département Management, Marketing et Stratégie - TEM - Télécom Ecole de Management - IMT - Institut Mines-Télécom [Paris] - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]

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Abstract: This article looks at the Enron affair in terms of what investors and experts fail to take into account to being able to predict Enron collapse. The authors show how analysts could have predicted Enron's difficulties in view of the incoherence observed in its strategic decisions, from the viewpoint of the theory of resource-based and competence-based approaches. Certainly, it was hard to suspect that numbers could lie on account of the financial manipulation doubled by the rhetorical discourses of executive managers who succeeded in imposing a flourish image of their company. The authors' view takes on a political dimension by illustrating the contradictions of the system that sustain the widespread myopia, where everyone is purely alienating himself.

Keywords: Reification; Strategic diagnosis; Diversification; Resource-based and competence-based approaches; Contradictions; Ideology; Rhetoric; Enron; Accounting practices; Alienation; Capitalism (search for similar items in EconPapers)
Date: 2007-07
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Citations: View citations in EconPapers (6)

Published in Critical Perspectives On Accounting, 2007, 18 (5), pp.539-557. ⟨10.1016/j.cpa.2005.10.004⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00171687

DOI: 10.1016/j.cpa.2005.10.004

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