New Century Financial Corporation (Abridged)
عبر:: Krishna G. Palepu , Suraj Srinivasan , Ian Cornell
- After years of rapid growth and stock price appreciation, New Century Financial Corporation, one of the largest subprime loan originators in the U.S., reported accounting problems in early 2007. The resulting liquidity crisis forced the company to file for Chapter 11 bankruptcy protection. According to the Bankruptcy Examiner assigned to investigate New Century, the company's troubles "were an early contributor to the subprime meltdown" which fueled a financial crisis in the U.S. and beyond. The case study examines New Century's business model and accounting practices and focuses on the role of management, audit committee, and external auditors in the problems at New Century based on the findings of the Bankruptcy Examiner.
- حقوق النشر:
- 2012 HBS
- جودة الكتاب:
- رقم ISBN 13:
- Harvard Business Publishing
- تاريخ الجمع:
- Business and Finance, Nonfiction, BUSINESS & ECONOMICS / General
- قيود على استخدامها:
- This is a copyrighted book.