Abstract
The newspapers are suddenly full of worries about structured investment vehicles (SIVs). These are huge, risky investment instruments used by large banks and hedge funds. But fund managers of major companies have invested in money markets, which in turn—unknown to the company fund managers—have invested in the risky SIVs. Any major collapse of the SIVs could spread financial panic. So what are corporate managers to do? Are there strategies to avoid financial disaster? And what questions should auditors ask right now?
Original language | English (US) |
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Pages (from-to) | 27-35 |
Number of pages | 9 |
Journal | Journal of Corporate Accounting and Finance |
Volume | 19 |
Issue number | 4 |
DOIs | |
State | Published - May 1 2008 |
All Science Journal Classification (ASJC) codes
- Accounting
- Economics, Econometrics and Finance(all)