Valuation Treadmill (häftad)
Fler böcker inom
Format
Inbunden (Hardback)
Språk
Engelska
Utgivningsdatum
2022-07-28
Förlag
Cambridge University Press
Dimensioner
229 x 152 x 13 mm
Vikt
436 g
ISBN
9781108837187

Valuation Treadmill

How Securities Fraud Threatens the Integrity of Public Companies

av James J Park
Inbunden,  Engelska, 2022-07-28
1041
Köp
Spara som favorit
  • Skickas från oss inom 7-10 vardagar.
  • Fri frakt över 249 kr för privatkunder i Sverige.
Finns även som
Visa alla 3 format & utgåvor
Public companies now face constant pressure to meet investor expectations. A company must continually deliver strong short-term performance every quarter to maintain its stock price. This valuation treadmill creates incentives for corporations to deceive investors. Published more than twenty years after the passage of Sarbanes-Oxley, which requires all public companies to invest in measures to ensure the accuracy of their disclosures, The Valuation Treadmill shows how securities fraud became a major regulatory concern. Drawing on case studies of paradigmatic securities enforcement actions involving Xerox, Penn Central, Apple, Enron, Citigroup, and General Electric, the book argues that corporate securities fraud emerged as investors increasingly valued companies based on their future performance. Corporations now have an incentive to issue unrealistically optimistic disclosure to convince markets that their success will continue. Securities regulation must do more to protect the integrity of public companies from the pressure of the valuation treadmill.
Visa hela texten

Passar bra ihop

  1. Valuation Treadmill
  2. +
  3. How Democracies Die

De som köpt den här boken har ofta också köpt How Democracies Die av Steven Levitsky, Daniel Ziblatt (häftad).

Köp båda 2 för 1190 kr

Kundrecensioner

Har du läst boken? Sätt ditt betyg »

Fler böcker av James J Park

Övrig information

James J. Park is Professor of Law at UCLA School of Law. He writes and teaches in the areas of securities regulation and corporate law. He was an editor of Can Delaware Be Dethroned? Evaluating Delaware's Dominance of Corporate Law (with Iman Anabtawi, Stephen Bainbridge, & Sung Hui Kim, 2018).

Du kanske gillar