This paper researches the different approaches toward corporate crisis management in Europe and the United States.
Written in 2007; 5,319 words; 58 sources; APA; $ 131.95
Paper Summary:
The paper examines the auditing processes and laws in a comparative study of the United States and Europe. The paper explores the factors that influence honesty in the presentation of financial records. The paper validates its hypothesis that companies in crisis in the United States are less likely than those in Europe to provide accurate information about the real economic situation of the company. The paper shows how this is as a result of divergent corporate cultures, laws and tendencies of blame. The paper includes appended tables and charts.
Outline:
Introduction
Literature Review
Examples from Both Continents
Methodology
Conclusion
From the Paper:
"This study is important because in the last twenty-five years, corporate bankruptcy has been pushed out of the shadows of legal and corporate marginality into the spotlight of daily business news. Its financial and human repercussions are enormous. In many advanced economies, including Europe and the United States, corporate bankruptcy has become increasingly commonplace. Yet there is limited data available on the manner in which full disclosure is handled in different markets. It is important to understand the circumstances that facilitate and hinder transparency and disclosure. It is the contention of this researcher that corporate climate based on geographical location is a strong contributing factor in this arena. Therefore by comparing the experiences of European companies with those in the United States, the researcher expects to help delineate the factors that influence honesty in the presentation of financial records."
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