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The Valuation Treadmill How Securities Fraud Threatens The Integrity Of Public Companies James J Park

Name: The Valuation Treadmill How Securities Fraud Threatens The Integrity Of Public Companies James J Park
SKU: BELL-44018844
Price: 31.00 USD
Availability: InStock
Rating: 4 (26 reviews)

SKU: BELL-44018844

$ 31.00 ~~$ 45.00~~ (-31%)

4.0

26 reviews

The Valuation Treadmill How Securities Fraud Threatens The Integrity Of Public Companies James J Park instant download after payment.

Publisher: Cambridge University Press

File Extension: PDF

File size: 1.27 MB

Pages: 199

Author: James J. Park

ISBN: 9781108837187, 1108837182

Language: English

Year: 2022

Product desciption

The Valuation Treadmill How Securities Fraud Threatens The Integrity Of Public Companies James J Park by James J. Park 9781108837187, 1108837182 instant download after payment.

Public companies now face constant pressure to meet investor expectations. A company must continually deliver strong short-term performance every quarter to maintain its stock price. This valuation treadmill creates incentives for corporations to deceive investors. Published more than twenty years after the passage of Sarbanes-Oxley, which requires all public companies to invest in measures to ensure the accuracy of their disclosures, The Valuation Treadmill shows how securities fraud became a major regulatory concern. Drawing on case studies of paradigmatic securities enforcement actions involving Xerox, Penn Central, Apple, Enron, Citigroup, and General Electric, the book argues that corporate securities fraud emerged as investors increasingly valued companies based on their future performance. Corporations now have an incentive to issue unrealistically optimistic disclosure to convince markets that their success will continue. Securities regulation must do more to protect the integrity of public companies from the pressure of the valuation treadmill.