Preface
- Author: United Nations Conference on Trade and Development
- Main Title: International Accounting and Reporting Issues - 2002 Review , pp 8-8
- Publication Date: October 2003
- DOI: https://doi.org/10.18356/e2ad3a49-en
- Language: English
Within the international business world, 2001 and 2002 will be remembered largely for the magnitude and frequency of corporate collapses. Market capitalization of very large proportions was erased, and with it the lifetime savings of many investors, pensioners, employees and other stakeholders. Capital markets in the United States alone lost capitalization on the order of $8 trillion. These major corporate failures called into question the adequacy of financial and non-financial disclosure provided through corporate annual reports.
© United Nations
ISBN (PDF):
9789211554823
Book DOI:
https://doi.org/10.18356/c3d0400b-en
Related Subject(s):
International Trade and Finance
Sustainable Development Goals:
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