The Case Of Apple, Inc., and Fintech: Managerial Psychology, Corporate Governance and Business Processes.

Abstract

During 2009-2015, Apple defied all expectations and its reported announced operating performance exceeded all records (and were questioned by a few researchers). During 1990-2016 there was substantial debate about the nature and extent of earnings management by Apple and some S&P-500 hundred companies. This article contributes to the literature in the following ways: i) surveys Apple’s extensive history of litigation and endemic corporate governance problems and explains how Apple may have perpetrated earnings management and asset quality management - all of which have not been addressed by its management team or external auditors, and which have wide-ranging Social Welfare, economic and political ramifications; ii) explains how actual/implied and perceived/un-perceived Strategic Alliance structures used in Apple’s business processes failed and facilitated earnings management and asset quality management by Apple; iii) explains the symbiotic relationship between Apple and fintech in general and associated Antitrust problems; iv) explains why Apple is a financial stability risk; v) introduces new theories of Corporate Governance, Financial Stability and Intrapreneurship/Entrepreneurship.

Keywords: Corporate Governance; Failed Strategic Alliances; Managerial Psychology; Fintech; Policy; Financial Stability; Intrapreneurship/Entrepreneurship And Innovation.