In recent years, one area of growing concern in corporate governance is the accounting and transfer of risk using special purpose entities (or trusts). Such entities are used widely in issuing asset-backed securities. This paper provides an overview of the asset-backed securities market, and...

The results of our empirical investigation indicate that, on average, corporate governance features in the 80 largest oil and gas companies around the world have changed considerably in the wake of the landmark case of Enron and the 2008 global financial crisis. Both listed non-U.S. firms and...