Fair-value accounting: A cautionary tale from Enron

By G. Benston. 2006

198 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/80a500e5031dbf5b774f4f71fe73ac1aba3aaefc

Citations in the corpus

• Accounting Conservatism and Stock Price Crash Risk: Firm-level Evidence. (2012, unknown): “Enron’s managers were able to hide the firm’s real losses by recognizing anticipated future profits from any deal of EnronOnline as if realized today (Benston 2006; Benston and Hartgraves 2002).”
• Market pricing of banks’ fair value assets reported under SFAS 157 since the 2008 financial crisis (2015, unknown): “For example, Aboody et al. (2006) find evidence that firms manipulate employee stock options’ model inputs for earnings management purposes.6 Benston (2006) asserts that fair value estimates are easily manipulated in the absence of an actively traded market.”
• To Fair Value or Not to Fair Value: A Broader Perspective (2008, unknown): “10 See also Benston (2006).”