Perfect Example of Enron on Wall Street: Perfect Example of Enron on Wall Street

Author: Chen Zhiwu
Publisher:
Publish Date: 2002-08-01
Features: The collapse of Enron marks the disintegration of a system. Chen Zhiwu, a professor at Yale University, analyzes the case. Enron provides a perfect example for studying Wall Street in the United States. The Enron bankruptcy case embodies all the elements of modern bankruptcy phenomena. Enron reveals the secrets behind hyper-growth and the risks of extraordinary expansion. The disintegration of the Enron giant has profound political, economic, and social reasons. The Enron incident has given people much to think about. Whether from a macro perspective, considering the broader political and economic background, or focusing on the capital markets, legal, and securities aspects, there are many thought-provoking insights. This book focuses on the capital markets, examining how a well-functioning securities market should operate, how listed companies should legally fulfill their rights and obligations, and how market participants, the media, and government regulatory authorities should fulfill their responsibilities to expose criminal behavior and maintain market order. These contents are urgently needed by the still immature Chinese securities market to understand and implement. It is hoped that this book can provide a reference and lesson for those thinking about issues in the Chinese securities market.