In this Faculty Seminar Series CD, Harvard Business School Professor Krishna Palepu explores the links between corporate governance and American capital markets and the need to reform our market institutions.
We will assess how governance and incentive problems contributed to Enron’s rise and fall. A well-functioning capital market creates appropriate linkages of information, incentives, and governance between managers and investors. This process is supposed to be carried out through a network of intermediaries. We show that despite this elaborate corporate governance and inter-mediation network, Enron… Read more »