Research Journal of Finance and Accounting
The Effect of the Volkswagen Scandal (A Comparative Case Study)
Abstract
The latest scandal with the German car manufacturer can bring potential devastating losses to both the company and the German economy. In order to make a closer analysis we will compare the Toyota pedal scandal from 2010 and the current Volkswagen situation. Besides, the effect on the company, we will analyze the effect on the total German economy and the potential losses that both the company and the country might be facing. Additionally we’ ll look at the role that Volkswagen is playing for the total German economy and the potential systemic risk that could burden one of the largest German industries.
Keywords: Company Scandals, Volkswagen scandal, Toyota, Volkswagen, Car Industry, German Economy, Impact of scandals on companies.
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ISSN (Paper)2222-1697 ISSN (Online)2222-2847
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