Culp / Niskanen Corporate Aftershock

The Public Policy Lessons from the Collapse of Enron and Other Major Corporations
1. Auflage 2003
ISBN: 978-0-471-47414-2
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 352 Seiten, E-Book

The first book to address public policy in the light of recentcorporate debacles
Corporate Aftershock is a reasoned, informedresponse to the numerous proposals to restrict derivatives,structured financing activities, and shareholder protectionprinciples and practices following the failure of Enron and othercorporations. Readers get a cogent analysis of the public policyworld after recent corporate debacles. CorporateAftershock provides a detailed background of the markets,players, regulations, and institutional environment surroundingthese failures.
Christopher L. Culp, PhD (Chicago, IL), is a Principal atCP Risk Management LLC. William A. Niskanen, PhD (Washington, DC),is Chairman of the Cato Institute.

Autoren/Hrsg.

Culp, Christopher L.

Niskanen, William A.

Inhaltsverzeichnis

About the Editors.
About the Contributors.
Preface (Christopher L. Culp).
Acknowledgments.
Introduction (William A. Niskanen).
Editors' Note.
PART I. CORPORATE INNOVATION AND GOVERNANCE.
1. Empire of the Sun: A Neo-Austrian Economic Interpretation ofEnron's Energy Business (Christopher L. Culp and Steve H.Hanke).
2. Corporate Accounting after Enron: Is the Cure Worse Than theDisease? (Richard Bassett and Mark Storrie).
3. Corporate Governance: Pre-Enron, Post-Enron (Alton B. Harrisand Andrea S. Kramer).
PART II. ENERGY AND DERIVATIVES MARKETS AFTER ENRON.
4. Wholesale Electricity Markets and Products after Enron(Andrea M. P. Neves).
5. Regulation of Wholesale Electricity Trading after Enron(Andrea S. Kramer, et al.).
6. Online Trading and Clearing after Enron (John Herron).
7. Do Swaps Need More Regulation? (David Mengle).
PART III. STRUCTURED FINANCE AFTER ENRON.
8. An Introduction to the Business of Structured Finance(Barbara T. Kavanagh).
9. Structured Commodity Finance after Enron: Uses and Abuse ofPrepaid Forwards and Swaps (Christopher L. Culp and Barbara T.Kavanagh).
10. Accounting and Disclosure Issues in Structured Finance(Keith A. Bockus, et al.).
PART IV. CREDIT RISK MITIGATION AFTER ENRON.
11. Credit Risk Management Lessons from Enron (Christopher L.Culp).
12. Credit Derivatives Post-Enron (Andrea S. Kramer and Alton B.Harris).
13. The Market for Complex Credit Risk (Paul Palmer).
PART V. REGULATING CORPORATE INNOVATION AFTER ENRON.
Chapter 14. Cowboys versus Cattle Thieves: The Role ofInnovative Institutions in Managing Risks along the Frontier (FredL. Smith, Jr.).
References.
Index.

Über Autor(innen)

CHRISTOPHER L. CULP, PhD, is an Adjunct Professor of Finance at theUniversity of Chicago's Graduate School of Business, aPrincipal at CP Risk Management LLC and Chicago Partners LLC, and aSenior Fellow in Financial Regulation at the Competitive EnterpriseInstitute. He is the author of three other books, Risk Transfer,The ART of Risk Management, and The Risk Management Process, allpublished by Wiley, and co-editor (with Merton H. Miller) ofCorporate Hedging in Theory and Practice from Risk Publications. Heholds a BA in economics from The Johns Hopkins University and a PhDin finance from the University of Chicago's Graduate School ofBusiness.
WILLIAM A. NISKANEN, PhD, has been chairman of the Cato Institutesince 1985. Previously, he was acting chairman of PresidentReagan's Council of Economic Advisors. One of the most highlyregarded microeconomists in the nation, Niskanen has taughteconomics at the University of California at Berkeley and LosAngeles. He has also served as director of economics at Ford MotorCompany and as a defense analyst for the Pentagon, the RANDCorporation, and the Institute for Defense Analyses. He holds a BAfrom Harvard and a PhD in economics from the University of Chicago.