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Enron: Widespread myopia

This article looks at the Enron affair in terms of what investors and experts fail to take into account to being able to predict Enron collapse. The authors show how analysts could have predicted Enron's difficulties in view of the incoherence observed in its strategic decisions, from the viewp...

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Published in:	Critical perspectives on accounting 2007-07, Vol.18 (5), p.539-557
Main Authors:	Chabrak, Nihel, Daidj, Nabyla
Format:	Article
Language:	English
Subjects:	Accounting Accounting practices Alienation Analysts Business administration Business failures Capitalism Contradictions Discourse Diversification Earnings forecasting Energy industry Enron Executives Financial analysis Forecasts Fraud Humanities and Social Sciences Ideology Reification Resource-based and competence-based approaches Rhetoric Risk Scandals Strategic behaviour Strategic diagnosis Studies
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container_title	Critical perspectives on accounting
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description	This article looks at the Enron affair in terms of what investors and experts fail to take into account to being able to predict Enron collapse. The authors show how analysts could have predicted Enron's difficulties in view of the incoherence observed in its strategic decisions, from the viewpoint of the theory of resource-based and competence-based approaches. Certainly, it was hard to suspect that numbers could lie on account of the financial manipulation doubled by the rhetorical discourses of executive managers who succeeded in imposing a flourish image of their company. The authors’ view takes on a political dimension by illustrating the contradictions of the system that sustain the widespread myopia, where everyone is purely alienating himself.
doi_str_mv	10.1016/j.cpa.2005.10.004
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source	International Bibliography of the Social Sciences (IBSS); ScienceDirect Freedom Collection
subjects	Accounting Accounting practices Alienation Analysts Business administration Business failures Capitalism Contradictions Discourse Diversification Earnings forecasting Energy industry Enron Executives Financial analysis Forecasts Fraud Humanities and Social Sciences Ideology Reification Resource-based and competence-based approaches Rhetoric Risk Scandals Strategic behaviour Strategic diagnosis Studies
title	Enron: Widespread myopia
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