Companies in Crisis Research Paper by quttainah

Companies in Crisis
A comparative study of the corporate crisis pattern in Europe and the United States.
# 112402 | 9,010 words | 52 sources | APA | 2007 | US
Published on Feb 23, 2009 in Business (Accounting) , Business (Administration) , Accounting (General)

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This paper presents a quatitative study that examines the auditing processes and laws in a comparative study of two markets: the United States and Europe. The research tests the following hypothesis: The auditors on both continents have all the required information to express a concern about a possible financial crisis in a certain company, however those in the United States are less likely than those in Europe to provide accurate information about the real economic situation of the company.

Conceptual Framework
Research Questions
Literature Review
The Importance of Ethics in Good Corporate Governance
Attribution Theory
Change at the Personal Level
Change at the Organizational Level
Change at the Legislative Level
Case Studies

From the Paper:

"A closer inspection of not only these two companies, but the long list of major corporations currently embroiled in scandal, would reveal that the vast majority of them spend huge sums of money on developing notions of leadership among their staff. Many will send their executives to business schools and numerous training programs on leadership. They will invest heavily in complex processes to identify and develop leadership talent."

Sample of Sources Used:

  • Adler B. E. (1993) Financial and political theories of American corporate bankruptcy, Stanford Law Review 45: 311-46.
  • Arrunada, B. (1999) The Economics of audit quality. Boston and Dordrecht: Kluwer
  • Baird D. G. and T. H. Jackson (1990) Cases, problems, and materials on bankruptcy, (2nd edn.) Boston: Little, Brown.
  • Bates, W. & Schubert, E. M. (2003, September 29) Sarbanes -Oxley Act Less Applicable to Not-for-Profits. New York Law Journal, 3, 44.
  • Betker B. L. (1995) Management's Incentives, Equity's bargaining power, and deviations from absolute priority in chapter 11 bankruptcies, Journal of Business, 68: 161-83

Cite this Research Paper:

APA Format

Companies in Crisis (2009, February 23) Retrieved November 27, 2022, from

MLA Format

"Companies in Crisis" 23 February 2009. Web. 27 November. 2022. <>