Christopher L. Culp & William A. Niskanen 
Corporate Aftershock [PDF ebook] 
The Public Policy Lessons from the Collapse of Enron and Other Major Corporations

About the Editors.
About the Contributors.
Preface (Christopher L. Culp).
Acknowledgments.
Introduction (William A. Niskanen).
Editors’ Note.
PART I. CORPORATE INNOVATION AND GOVERNANCE.
1. Empire of the Sun: A Neo-Austrian Economic Interpretation of
Enron’s Energy Business (Christopher L. Culp and Steve H.
Hanke).
2. Corporate Accounting after Enron: Is the Cure Worse Than the
Disease? (Richard Bassett and Mark Storrie).
3. Corporate Governance: Pre-Enron, Post-Enron (Alton B. Harris
and Andrea S. Kramer).
PART II. ENERGY AND DERIVATIVES MARKETS AFTER ENRON.
4. Wholesale Electricity Markets and Products after Enron
(Andrea M. P. Neves).
5. Regulation of Wholesale Electricity Trading after Enron
(Andrea S. Kramer, et al.).
6. Online Trading and Clearing after Enron (John Herron).
7. Do Swaps Need More Regulation? (David Mengle).
PART III. STRUCTURED FINANCE AFTER ENRON.
8. An Introduction to the Business of Structured Finance
(Barbara T. Kavanagh).
9. Structured Commodity Finance after Enron: Uses and Abuse of
Prepaid Forwards and Swaps (Christopher L. Culp and Barbara T.
Kavanagh).
10. Accounting and Disclosure Issues in Structured Finance
(Keith A. Bockus, et al.).
PART IV. CREDIT RISK MITIGATION AFTER ENRON.
11. Credit Risk Management Lessons from Enron (Christopher L.
Culp).
12. Credit Derivatives Post-Enron (Andrea S. Kramer and Alton B.
Harris).
13. The Market for Complex Credit Risk (Paul Palmer).
PART V. REGULATING CORPORATE INNOVATION AFTER ENRON.
Chapter 14. Cowboys versus Cattle Thieves: The Role of
Innovative Institutions in Managing Risks along the Frontier (Fred
L. Smith, Jr.).
References.
Index.

CHRISTOPHER L. CULP, Ph D, is an Adjunct Professor of Finance at the University of Chicago’s Graduate School of Business, a Principal at CP Risk Management LLC and Chicago Partners LLC, and a Senior Fellow in Financial Regulation at the Competitive Enterprise Institute. He is the author of three other books, Risk Transfer, The ART of Risk Management, and The Risk Management Process, all published by Wiley, and co-editor (with Merton H. Miller) of Corporate Hedging in Theory and Practice from Risk Publications. He holds a BA in economics from The Johns Hopkins University and a Ph D in finance from the University of Chicago’s Graduate School of Business.
WILLIAM A. NISKANEN, Ph D, has been chairman of the Cato Institute since 1985. Previously, he was acting chairman of President Reagan’s Council of Economic Advisors. One of the most highly regarded microeconomists in the nation, Niskanen has taught economics at the University of California at Berkeley and Los Angeles. He has also served as director of economics at Ford Motor Company and as a defense analyst for the Pentagon, the RAND Corporation, and the Institute for Defense Analyses. He holds a BA from Harvard and a Ph D in economics from the University of Chicago.