Credit in the box: An ode to market efficiency

Abstract

Purpose

To identify key elements in corporate financial reporting abuse – accounting manipulation, inadequate auditing, misled capital markets, corporate executive compensation, executive flight, newspaper outrage, clever legal defences, and eventual accountability and punishment.

Design/methodology/approach

Fictional poem.

Findings

Truth eventually surfaces followed by public retribution.

Research limitations/implications

To reduce complex situations to their fundamental elements.

Originality/value

Observing the corporate financial reporting scene at its most primitive.

Citation

Lee, T. (2008), "Credit in the box: An ode to market efficiency", Accounting, Auditing & Accountability Journal, Vol. 21 No. 1, pp. 106-107. https://doi.org/10.1108/09513570810842359