Chapter 06

Berkowitz, A.L. 2002. Enron: a professional's guide to the events, ethical issues, and proposed reforms. Chicago: CCH Inc.
This book 'explains the collision of forces that led to the debacle; it illuminates the deeper issues underlying the scandal; and it analyzes the regulatory reforms that have been proposed.'

Carson, T.L. 2003. 'Self-Interest and Business Ethics: Some Lessons of the Recent Corporate Scandals'. Journal of Business Ethics, 43(4): 389-394.
This article looks at the impact corporate scandals such as Enron and Worldcom have had on business ethics literature and stakeholder theory in particular.

Cassimon, D. 2001. 'Financing sustainable development using a feasible Tobin Tax'. Journal of International Relation and Development, 4(2): 157-173.
This article discusses the impact of currency trading on sustainable development and provides a proposal for a Tobin Currency Transaction Tax.

Clarke, T. 2005. 'Accounting for Enron: shareholder value and stakeholder interests'. Corporate Governance, 13(5): 598.
This paper uses Enron to show how corporations have become disconnected from their morals and from wider stakeholder interests through the 'relentless emphasis on the importance of shareholder value'.

De Jong, E. and Semenov, R. 2006. 'Cultural determinants of ownership concentration across countries'. International Journal of Business Governance and Ethics, 2(1,2): 145.
This article shows the different types of corporate ownership that are predominant in different countries and links this to cultural characteristics.

Hellsten, S. and Mallin, C. 2006. 'Are 'Ethical' or 'Socially Responsible' Investments Socially Responsible?'. Journal of Business Ethics, 66(4): 393.
This paper discusses 'whether ethical investments really succeed in reducing the conflict between profit-making and social responsibility as they promise or whether they use commercial rhetoric and market mechanism to merely sell us our own perceived values back.'

Koslowski, P. 2000. 'The limits of shareholder value'. Journal of Business Ethics, 27(1/2): 137-148.
This article examines the theoretical justification that increasing shareholder value is the purpose of corporate governance.

Lee, I.B. 2006. 'Efficiency and Ethics in the Debate about Shareholder Primacy'. Delaware Journal of Corporate Law, 31(2): 533.
This paper looks at the morality of the debate behind shareholder primacy, arguing that the two existing arguments against shareholder primacy are insufficient but provides two new arguments against shareholders as the only group of importance to the corporation.

Murray, S. 2005. 'Corporate Governance - Variety of threats force boards to take action: Investors are increasingly scrutinising the operations of companies in which they put their money'. Financial Times, Jun 27, 2005.
A brief article on changes to corporate governance and the factors that have encouraged them.

Sayles, L. and Smith, C. 2006. The Rise of the Rogue Executive: How Good Companies Go Bad and How To Stop the Destruction. New Jersey: Prentice Hall.
'This book reveals the true breadth and depth of corporate corruption -- including flagrant new cases that haven't received the publicity they deserve.'

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Chapter 06