Journals Higher Education

$47.95

Hardcover

05 July 2012

296 Pages | 19 B/W line

6-1/8 x 9-1/4 inches

ISBN: 9780199915996


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Bookseller Code (01)

Why Some Firms Thrive While Others Fail

Governance and Management Lessons from the Crisis

Thomas H. Stanton

  • Includes personal interviews from five CEOs of financial firms, a dozen risk officers, and numerous traders, investment bankers, and mortgage lenders
  • Draws on public material at the FCIC permanent website and helps make it accessible to researchers and the public
  • Discusses the fundamental difference between firms that failed and those that weathered the crisis
  • Looks at financial and nonfinancial firms and finds the same pattern of company management
  • Argues that the financial services industry, by repeatedly trying to undermine regulators and prudent regulations, lobbies against its own best interests
  • Provides a valuable record of the inner workings of financial firms and regulators before and during the crisis
  • Interviews from participants who speak in their own words about what happened
  • Shows fundamental weakness in both private firms and government agencies
  • Argues that the regulated companies have a stake in promoting the quality and capability of their regulators so that regulators become a source of useful feedback
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