Publication:
Crashes, Bailouts, Regulations

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-08-13T14:13:00Z
dc.date.available2012-08-13T14:13:00Z
dc.date.issued2009-03
dc.description.abstractWith the recent stock market frauds in markets around the world such as the Madoff case in the U.S. and the recent Satyam fraud in India, no nation can hold its head high and claim to have good corporate governance. The reality is that the problems of fraud, faulty audits, misleading accounts, lack of transparency, conflicts of interest, criminal destruction of records and a long list of other corporate governance violations, are not limited to emerging markets but are very much in evidence in developed markets as well. Given recent events then, the importance of sound corporate governance is becoming increasingly apparent. International organizations like the Organization for Economic Co-operation and Development (OECD), the World Bank and the International Corporate Governance Network (ICGN), along with major fund managers, are formulating sets of codes and principles that can be applied globally. It is also clear, however, that governments have generally done a poor job of policing the complex world of finance and that the greater part of the task will be left to self policing on the part of the participants. There is no doubt about it: sound corporate governance pays. Several studies undertaken by various organizations have shown that: there is a direct relationship between good corporate governance and investment returns. The oversight that comes from transparency and accountability creates a structure where the managers are discouraged from mismanaging the company, be it though a lack of diligence or care, improper decision-making, or even intentioned unconscionable behavior.en
dc.identifierhttp://documents.worldbank.org/curated/en/2009/03/10333897/crashes-bailouts-regulations
dc.identifier.doi10.1596/11124
dc.identifier.urihttps://hdl.handle.net/10986/11124
dc.languageEnglish
dc.publisherWashington, DC
dc.relation.ispartofseriesPrivate Sector Opinion; No. 11
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectADVISORY GROUP
dc.subjectARBITRAGE
dc.subjectASSET PRICES
dc.subjectAUDITS
dc.subjectBAILOUTS
dc.subjectBANK FOR INTERNATIONAL SETTLEMENTS
dc.subjectBANKRUPTCY
dc.subjectBASIS POINTS
dc.subjectBOND
dc.subjectBORROWER
dc.subjectBROKERS
dc.subjectBUSINESS SCHOOL
dc.subjectBUSINESS SCHOOLS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCASH MARKET
dc.subjectCDS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOLLATERAL
dc.subjectCONFLICTS OF INTEREST
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE PERFORMANCE
dc.subjectCREDIBILITY
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULT SWAPS
dc.subjectCREDIT DERIVATIVE
dc.subjectCREDIT DERIVATIVES
dc.subjectCREDIT RISK
dc.subjectCURRENCY
dc.subjectCURRENCY MARKET
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectDEBT
dc.subjectDEBT MARKET
dc.subjectDEBT OBLIGATIONS
dc.subjectDEPOSITORS
dc.subjectDERIVATIVE INSTRUMENTS
dc.subjectDERIVATIVE MARKETS
dc.subjectDERIVATIVE PRODUCTS
dc.subjectDERIVATIVES
dc.subjectDERIVATIVES MARKETS
dc.subjectDEVELOPMENT BANK
dc.subjectDISCLOSURE NORMS
dc.subjectDISCLOSURE REQUIREMENT
dc.subjectDISCLOSURE STANDARDS
dc.subjectDUE DILIGENCE
dc.subjectEARNINGS
dc.subjectECONOMIC EFFECTS
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC REFORMS
dc.subjectECONOMICS
dc.subjectEMERGING MARKETS
dc.subjectEQUITY DERIVATIVES
dc.subjectEQUITY MARKETS
dc.subjectEQUITY PRICES
dc.subjectEXCHANGE BOARD
dc.subjectEXCHANGE RATE
dc.subjectFAIR
dc.subjectFAIR VALUE
dc.subjectFEDERAL RESERVE
dc.subjectFINANCE COMPANIES
dc.subjectFINANCE CORPORATION
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INNOVATION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENT
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKET PARTICIPANTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL REFORMS
dc.subjectFINANCIAL REGULATION
dc.subjectFINANCIAL REGULATIONS
dc.subjectFINANCIAL REGULATORS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SHOCK
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SYSTEM
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MANAGEMENT
dc.subjectFOREIGN INSTITUTIONAL INVESTORS
dc.subjectFOREIGN PORTFOLIO
dc.subjectFOREIGN PORTFOLIO INVESTMENT
dc.subjectFRAUD
dc.subjectFRAUDS
dc.subjectFREE MARKET
dc.subjectFUND MANAGERS
dc.subjectFUTURES
dc.subjectGLOBAL EQUITY
dc.subjectGLOBAL EQUITY MARKETS
dc.subjectGLOBAL FINANCIAL MARKETS
dc.subjectGLOBAL MARKET
dc.subjectGLOBAL MARKETS
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNANCE STANDARD
dc.subjectGOVERNANCE STANDARDS
dc.subjectGOVERNMENT POLICIES
dc.subjectHEDGE FUNDS
dc.subjectHOLDING
dc.subjectHOUSING
dc.subjectHOUSING MARKET
dc.subjectINCOME
dc.subjectINDIVIDUAL INVESTORS
dc.subjectINFLATION
dc.subjectINSTITUTIONAL INVESTMENT
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSTRUMENT
dc.subjectINSURERS
dc.subjectINTEREST RATES
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL CORPORATE GOVERNANCE
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL SECURITIES
dc.subjectINTERNATIONAL SETTLEMENTS
dc.subjectINVESTING
dc.subjectINVESTMENT BANKS
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT RETURNS
dc.subjectIRRATIONAL EXUBERANCE
dc.subjectJURISDICTION
dc.subjectLACK OF TRANSPARENCY
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL OBLIGATIONS
dc.subjectLEGAL SYSTEM
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CRISIS
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN RECOVERY
dc.subjectLOW-INCOME
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMARKET DISCIPLINE
dc.subjectMARKET EFFICIENCY
dc.subjectMARKET REGULATION
dc.subjectMARKET REGULATIONS
dc.subjectMARKET REGULATOR
dc.subjectMARKET REGULATORS
dc.subjectMARKET STRUCTURE
dc.subjectMARKET SUPERVISION
dc.subjectMARKET VOLATILITY
dc.subjectMICROCREDIT
dc.subjectMINORITY SHAREHOLDERS
dc.subjectMONETARY FUND
dc.subjectMORAL IMPERATIVE
dc.subjectMORTGAGE
dc.subjectMORTGAGE-BACKED SECURITIES
dc.subjectMUTUAL FUNDS
dc.subjectNATIONAL STOCK EXCHANGE
dc.subjectNEW INVESTORS
dc.subjectNEW PRODUCTS
dc.subjectOIL PRICES
dc.subjectOUTSTANDING LOAN
dc.subjectOWNERSHIPS
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSION FUNDS
dc.subjectPRIVATE EQUITY
dc.subjectPRIVATE SECTOR BANKS
dc.subjectPROSPERITY
dc.subjectRAPID GROWTH
dc.subjectREAL ESTATE
dc.subjectRECESSION
dc.subjectREFORM PROGRAMS
dc.subjectREGULATORY BODY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REGIME
dc.subjectREGULATORY SYSTEM
dc.subjectRESERVE BANK
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT SYSTEM
dc.subjectRISK MANAGEMENT SYSTEMS
dc.subjectSALES
dc.subjectSAVERS
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSECURITIES MARKET
dc.subjectSECURITIES MARKET REGULATIONS
dc.subjectSECURITIES MARKETS
dc.subjectSELF REGULATION
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSHARE PRICE
dc.subjectSHARE PRICES
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDER ACTIVISM
dc.subjectSPREAD
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK EXCHANGES
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET INDEX
dc.subjectSTOCK MARKET INDICES
dc.subjectSTOCK MARKETS
dc.subjectSTOCK PRICES
dc.subjectSTOCKS
dc.subjectSUPPLIERS
dc.subjectSUPPLIERS OF CREDIT
dc.subjectSWAPS
dc.subjectTAX
dc.subjectTRADING
dc.subjectTRADING FLOOR
dc.subjectTRADING PLATFORM
dc.subjectTRANSITION ECONOMIES
dc.subjectTRUST FUND
dc.subjectUNEMPLOYMENT
dc.subjectVALUATION
dc.titleCrashes, Bailouts, Regulationsen
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T09:57:00.800952Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2009/03/10333897/crashes-bailouts-regulations
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid261241468329068298
okr.identifier.externaldocumentum000334955_20090310045308
okr.identifier.internaldocumentum10333897
okr.identifier.report47663
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/03/10/000334955_20090310045308/Rendered/PDF/476630BRI0GCGF10Box338858B01PUBLIC1.pdfen
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.unitCOA Global Corp Governance Forum (COAGF)
okr.volume1 of 1
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