The History of Failed Businesses to be Discussed at Rutgers–Camden’s Cappuccino Academy

CAMDEN – Trying to make sense of the current credit crunch? Learn why businesses fail at 7:30 p.m. Thursday, April 2, during Rutgers–Camden’s Cappuccino Academy.

Troy Janes, an assistant professor of accounting at the Rutgers School of Businesses—Camden, will offer a prelude to his fall course The History of Failed Businesses during this free public lecture.

According to Janes, all businesses – be it the South Sea Company of the 18th century or Enron from the 21st century – fail for one reason: they run out of cash. “They usually run out of cash because management makes poor decisions and keeps stakeholders from finding out until too late,” says Janes. “An examination of the Mississippi Company in 18th century France shows a lot of similarities between that company’s demise and the causes of the current credit crisis.”

A graduate of Utah State University and the University of Michigan Business School, Janes researches distressed companies and the use of financial accounting information in contracting. His research or insight has been referenced in The New York Times, Forbes, and The Economist.

Barnes & Noble is located at 200 West Route 70 in Marlton.

Cappuccino Academy is a monthly series of free public lectures delivered by Rutgers–Camden faculty members at Barnes & Noble.  For more information, call (856) 225-6627.

-30-