Title Asia Pulp & Paper : a balanced balance sheet? / Asheq Rahman,(Department of Accounting, Auckland University of Technology, Auckland, New Zealand), Hector Perera,(Department of Accounting and Corporate Governance, Macquarie University, Sydney, Australia), and Frances Chua,(School of Accountancy, Massey University, Palmerston North, New Zealand)

Published Bingley, U.K. : Emerald Group Publishing Limited, 2016 ©2016

Online access available from: Emerald Emerging Markets    View Resource Record

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Description 1 online resource (1 pages) : 26 illustrations Series Emerald emerging markets case studies, 2045-0621 ; volume 6, issue 3 Summary The case uses the Asia Pulp and Paper Company's (APP) entry into the international debt market to highlight the consequences of different business practices between the East (in this case, Indonesia) and the West. On the one hand, it shows that APP was set up as the "front" to access international debt capital; on the other, it reveals the naïvety of Western lenders who parted with their funds without conducting a thorough background research on the financial viability of the company they invested inches The APP debacle is a poignant reminder for market participants and business/accounting students that the divergence of the business settings across countries can make business contractual arrangements tenuous and corporate financial information irrelevant to its users. It also exposes the unique ways of how some Asian countries conduct their business affairs Notes The following are the expected learning outcomes: comprehend the impact of differences in culture and ethnic origin on business practices; evaluate the impact of cultural nuances on the legality of contracts in the international business setting; understand the impact of currency fluctuation on the financial position of multinational firms; and be more cautious in conducting business and entering into contracts with foreign firms Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes Bibliography Includes bibliographical references and index Audience Undergraduate and Postgraduate levels (advanced financial accounting, international accounting, other accounting and business courses with an international setting Subject Asia Pulp and Paper (Firm) International business enterprises Accounting Finance Business & Economics -- International -- General. Business studies: general. Genre/Form Case studies. Form Electronic book Author Perera, M. H. B., author Chua, F. C., author

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