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  • Essay / Governance Mechanisms - 2308

    Many countries in the Asia-Pacific region, including: Japan, Korea, the Philippines and Australia, have made progress in their governance standards and regulations. company over the past decade. There are two (2) main moments that signal the improvements in corporate governance policies of Asian countries. The first period is the period 1999-2003 after the Asian financial crisis of 1997-1998 and the second period is the current period, after the financial crisis 2007-2009 with the impacts of the major American and European economies. The Global Corporate Governance Forum has been organized and the country's Corporate Governance Council, Committee or Forum is also established to make recommendations and implement new key principles in this area. This research paper attempts to adopt an implementation-oriented writing style and focus on current corporate governance issues during and after the impacts of scandals and crises. Furthermore, this research paper aims to provide a writing style suitable for comprehensible reading for most readers. in the academic field that is both familiar and unfamiliar with the subject of corporate governance. The following sessions are organized as follows. The first (1st) session is a literature review on selected corporate governance research with the impacts of corporate scandals, market manipulation and financial crisis. The second (2nd) session is built with three (3) main themes of theories such as: corporate governance and financial crisis, corporate scandals and market manipulation. Then, (3rd), the session is covered by a summary of the methodology used in the empirical results. The fourth (4th) session focuses on the key findings of this paper, which include four (4) key findings on: a) Corporate Governance......middle of document......example: Xerox during fiscal years 1997-2000. Furthermore, the second manipulation technique used is the negative manipulation of the company's expenses by reducing its expenses to obtain a high nominal profit. Worldcom, Inc. underreports its expenses and capitalizes its balance sheet. The amount of $3.8 billion in cash is recorded as capital expense, instead of operating expense in fiscal 2002.B.2 - Manipulation techniques in both the income statement and the review: The technique is used by the large energy company Enron. , in 2001, which made it possible to hide its debt and thus increase its profit by approximately 1 billion dollars. Or, the manipulation trick is carried out by a Texas company, Waste Management Co., in which its nominal profits are manipulated or inflated by extending the depreciation life of real estate and equipment during the year. 2002.