Doctor of Philosophy
School of Accounting Economics and Finance
The Global Financial Crisis caused upheaval to the world economy, triggered many corporate failures, and inflicted significant social distress with long lasting ramifications. This thesis applies DiMaggio and Powell’s (1983) New Institutional Theory and Clegg’s (1989) Theory of Power to analyse contributing factors to the collapse of the investment bank Lehman Brothers. This is achieved by employing a case study approach which examines reasons for the failure. It is of interest because Lehman Brothers was the only major US investment bank allowed to fail by regulators at this time. Isomorphic influences and interplays of power associated with the US investment banking industry are contextualised in the study.
Mazzola, Paul, Power and Influence in the US Investment Banking Industry – a Case Study of Lehman Brothers, Doctor of Philosophy thesis, School of Accounting Economics and Finance, University of Wollongong, 2018. https://ro.uow.edu.au/theses1/379