The following information was submitted:
Transactions: WSEAS TRANSACTIONS ON SYSTEMS
Transactions ID Number: 88-314
Full Name: Jiri Strouhal
Position: Senior Lecturer
Age: ON
Sex: Male
Address: University of Economics Prague, W. Churchill Square 4, 130 67 Prague 3
Country: CZECH REPUBLIC
Tel: +420224095794
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E-mail address: strouhal@vse.cz
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Title of the Paper: Failure of Measurement System? Some Lesson from Fall of Enron Corp
Authors as they appear in the Paper: Jiri Strouhal, Carmen Bonaci, Dumitru Matis, Razvan Mustata
Email addresses of all the authors: strouhal@vse.cz
Number of paper pages: 10
Abstract: The current financial crisis makes us all remember both previous economic crisis that have marked our history and large bankruptcies, that were intensely debated through trade literature, all having similar elements with what we are nowadays experiencing. We trying to prove that we learn nothing from history would be pointless since we have repeatedly watched history repeating itself over and over again. This is even more obvious where capital markets are concerned, their tendency of relearning the same lesson seeming to be one of their most intriguing characteristics. We believe a short incursion into the past might help us look into the present with different eyes. This paper develops an analysis into the past, focusing on similarities with the current financial crisis and still believing in lessons that could and should be learnt.
Keywords: Financial crisis, Accounting scandals, Fair value, Enron, Bankruptcy, Financial instruments
EXTENSION of the file: .pdf
Special (Invited) Session: Case of Enron: Failure of Measurement System?
Organizer of the Session: 646-226
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