The Fall of Enron
- despite this elaborate corporate governance network, Enron was able to attract large sums of capital to fund questionable business model, conceal its true performance through a series of accounting and financial maneuvers and hype its stock to unsustainable levels
- the stresses that the business model created for Enron’s financial reporting, and how key capital market intermediaries played a role in the company’s rise and fall
- growth impressed the capital markets and few asked questions
- the company was unsure if it could continue to earn high returns from gas trading
- it was believed that the major barrier to entry in gas trading was Enron’s market knowledge achieved through its dominant market position
- many other firms were positioned to challenge Enrons dominance, including large gas producers
- in comparable markets, early rents to first movers had quickly dissipated as competitors entered
- the internet provided a low cost platform for......

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Title: Fraud
Approximate Word Count: 783
Approximate Pages: 4 (250 words per double-spaced page)

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