评析"安然"的金融创新与金融风险

文章剖析了安然公司的金融创新活动和金融风险及安然的资本结构和金融风险,企业短期的繁荣可以通过许多方式获得,但企业持续增长的力量却只能从长期以来传承的价值公理中获得;要规范企业运用金融创新工具并使其为经济的健康发展服务,建立更为完善的金融风险防范和风险监督机制,完善市场、法律以及政府的监管制度.

An Analysis of Enron''s Financial Innovation and Financial Risks

Not long ago, Enron was one of the world' s most admired companies. Now it was in bankruptcy. Enron used sophisticated financing vehicles known as Special Purpose Entities (SPEs) and other off - balance - sheet structures. Such vehicles permit companies, like Enron, to increase leverage without having to report debt on their balance sheet. It is badly needed to expand the number of key performance indicators, to present the information investors really need to understand a company' s business model and its business risks, financial structure and operating performance. Meanwhile, how to strengthen financial supervision and promote the steady development of economy become the focus in the whole world.