Covering Up Trading Losses: Opportunity-Cost Accounting as an Internal Control Mechanism
收藏NBER1998-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6823
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资源简介：
This paper analyzes the methods of loss concealment used by rogue traders in the Barings and Daiwa scandals. The analysis clarifies how and why these firms' top managers and home-country regulators deserve blame for allowing cumulative losses to become so large. The central point is that information
提供机构：
美国国家经济研究局
创建时间：
1998-12-01
