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- Created by: andreaong
- Created on: 14-12-19 04:07
1. Which of these is not a reason for the financial crisis?
- Pressure from the International Monetary Fund on banks to increase their interest rates
- The 'Pangloss equilibrium' that led to a bubble in asset prices
- Appropriate corporate governance
- Inappropriate macroeconomic policy in 1990 coupled with inefficient management in 1997
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2. What is Stakeholder theory?
- The claim that corporations should be operated for the benefit of all who have a stake in the enterprise
- The claim that a corporation is not solely for personal enrichment but to serve some larger social good
- A claim supporting stockholder-entered conception with groups protecting themselves through contracts
3. Which of these was not a recommendation by the Finance Committee on Corporate Governance in 2000?
- Establishing the Minority Shareholders Watchdog Group to protect minority shareholders from abuses by insiders
- Following a prescriptive approach when it comes to compliance with the MCCG
- Implementation of the Malaysian Code of Corporate Governance which identified best practices for corporate governance
4. In what year did the East Asian Financial Crisis occur?
5. Which of these was not exposed due to the financial crisis of 1997?
- Poor levels of protection for minority shareholders from expropriation
- Various levels of cronyism embedded throughout organisations
- The problems with applying a prescriptive approach in ensuring compliance
- Poor levels of transparency & financial disclosure
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