Question

After the scandals at worldcom, tyco, adelphia, and enron, in which company employees lost millions of dollars and their nest eggs, u.s. companies showed less concern for corporate governance and more interest in the development of corporate social responsibility. true false

Answer 1

After the large corporate scandals that plagued the nation, companies began in general to be more cognizant of their reportings. However this did not mean that corporations in general were keen on reducing risk, as risk aversion was not an element at the forefront.