MAYDAY PAYDAY: CAN CORPORATE SOCIAL RESPONSIBILITY SAVE PAYDAY LENDERS?

Author: 

Carmen M. Butler, and Niloufar A. Park

When Enron and WorldCom went bankrupt in 2001 and 2002, scholars, legislators, and corporate leaders scurried to find ways to prevent another major collapse in the U.S. equity markets. They scrutinized accounting practices, financial disclosure requirements, and the various components of corporations to develop new or stronger laws that would prevent future corruption and market failure. In a word, these reforms analyzed and restructured standards for corporate accountability. View More