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Enron and the domino effect

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Author(s): Ph.D.Professor Paul Marinescu, Afiliation

Journal: Manager
ISSN 1453-0503

Volume: 15;
Issue: 1;
Start page: 15;
Date: 2012;
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Keywords: Enron | Banckruptcy | Fraud | Stakeholders | Budgets

ABSTRACT
This paper aims to present the effects of Enron's 2001 collapse has had on the business environment looked upon systemically, analyzing the interdependencies the American giant had with other components of this environment especially those that should have played and important system control role such as audit firms, financial analysts and investment banks. The premises from which we start are that exactly the failure of these control instruments has led to the escalation of the situation up to the point in which the fall becomes inevitable. I believe that this analysis can offer relevant lessons for the key on how the current situation of Greece must be judged, a subject of utmost importance.
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