Social Consequences Of The Enron Scandal

examined the market reactions to SOX and cited (Li et al., 2004) findings of significant positive response around stock returns, (Rezaee and Jai, 2003) results show positive stock price reaction before SOX passed, (Ptacek & Salazar, 1997; Weeks & Nantel, 1992) studies shows customers believe it’s important and companies have a more positive image and public perceptions remains high, while (Oversight Systems Inc., 2004) survey results reveals 37% of increased in shareholder value as investor gain confidence on ethical business, 25% boost shareholder value by gaining market confidence, 33% decreased shareholder value as cost suppress stock price, and 14% decreased their ability to pay out dividends as compliance cost reduced earnings, (AMR Research, 2003) study shows 85% of public companies are switching …show more content…
J. (2013) Common financial statement fraud schemes. Retrieved from https://www.google.com/?gws_rd=ssl#q=common+financial+statement+fraud+schemes+by+jamal+ahmad
Cernusca, L. (2011). Ethics in accounting: The consequences of the Enron scandal. Agricultural Management, 13(3), 35-42. Retrieved from http://eds.b.ebscohost.com/eds/detail/detail?vid=2&sid=59e976ea-caa3-4b98-a718-e29420909cda%40sessionmgr114&hid=120&bdata=JnNpdGU9ZWRzLWxpdmU%3d#AN=67096081&db=bth
Giroux, G. (2008). What went wrong? Accounting fraud and lessons from the recent scandals. Social Research, 75(4), 1205-1238. Retrieved from http://eds.a.ebscohost.com/eds/detail/detail?vid=2&sid=256a1148-cdcf-4767-9e49-9601090ef5b7%40sessionmgr4005&hid=4108&bdata=JnNpdGU9ZWRzLWxpdmU%3d#AN=36934864&db=buh
Ravenscroft, S., & Williams, P. F. (2005). Rules, rogues, and risk assessors: Academic response to Enron and other accounting scandals. European Accounting Review, 14(2), 363-372. Retrieved from