Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 141

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Book Description

Author: John R. Boatright
Publisher: John Wiley & Sons
ISBN: 0470768118
Category : Business & Economics
Languages : en
Pages : 851

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Book Description
A groundbreaking exploration of the critical ethical issues in financial theory and practice Compiled by volume editor John Boatright, Finance Ethics consists of contributions from scholars from many different finance disciplines. It covers key issues in financial markets, financial services, financial management, and finance theory, and includes chapters on market regulation, due diligence, reputational risk, insider trading, derivative contracts, hedge funds, mutual and pension funds, insurance, socially responsible investing, microfinance, earnings management, risk management, bankruptcy, executive compensation, hostile takeovers, and boards of directors. Special attention is given to fairness in markets and the delivery of financial services, and to the duties of fiduciaries and agents Rigorous analysis of the topics covered provides essential information and practical guidance for practitioners in finance as well as for students and academics with an interest in finance ethics Ethics in Finance skillfully explains the need for ethics in the personal conduct of finance professionals and the operation of financial markets and institutions.

Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 152

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Book Description

Author: John Hendry
Publisher: Cambridge University Press
ISBN: 1107654254
Category : Philosophy
Languages : en
Pages : 321

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Book Description
Ethics and Finance: An Introduction provides a comprehensive and accessible introduction to the ethical issues raised by modern finance. Drawing carefully on ethical theory and with frequent use of case studies, it includes an analysis of the global financial system and its regulation and control, as well as a detailed analysis of the financial crisis. Chapters on specific areas of finance practice cover all the major financial scandals of recent times, from mis-selling to market manipulation and from insider trading to bankers' bonuses, as well as much more positive developments. From micro finance to derivatives trading, the book provides a careful and balanced treatment designed to help finance students and practitioners approach this sensitive topic in a thoughtful and constructive way. No prior knowledge of ethics or finance is required, and the book will be invaluable to students, finance teachers, practitioners and regulators.

Author: Paul H. Dembinski
Publisher: Taylor & Francis
ISBN: 1351793748
Category : Business & Economics
Languages : en
Pages : 87

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Book Description
5.4 The quality of prices: insider trading, market rigging and dark pools -- 5.5 Volatility and risk transfer -- Chapter 6: New avenues for action -- 6.1 Curbing expectations and aspirations in finance -- 6.2 Enhancing the importance of personal relationships -- 6.3 Simplifying the way finance works -- 6.4 Teaching finance differently -- 6.5 Ethics as a goal -- Bibliography -- Index.

Author: Maureen O'Hara
Publisher: W. W. Norton & Company
ISBN: 0393285529
Category : Business & Economics
Languages : en
Pages : 168

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Book Description
From a leading financial economist, a searching examination of the ethics of modern finance. In 2001, Goldman Sachs structured a complex financial contract so that its client, the government of Greece, would appear to have far less debt than it actually did. When news of this transaction came out years later, the inevitable question arose: Even though Goldman’s actions were legal, were they ethically wrong? Is modern finance itself inherently unethical? In Something for Nothing, financial economist Maureen O’Hara explains that one of the key innovations of modern finance is its reliance on arbitrage, the practice of taking advantage of a price difference between two or more markets to generate profits and remove inefficiencies. When done correctly, arbitrage can create value at little or no cost (in effect, getting “something for nothing”); but it can also be an exploitative tool. In a lucid, insightful discussion of the ethics of arbitrage in modern finance, O’Hara reveals how the rules can often be stretched into still-legal yet highly unethical business practices. Examining key cases in clear and persuasive prose, O’Hara illuminates various aspects of financial ethics, from the Goldman Greek transaction to Lehman Brothers’ attempt to cover up its debt, JPMorgan Chase’s maneuvers in California’s energy markets, Bernie Madoff’s trading strategies in the 1980s, high-frequency trading practices, and toxic loans in France. Ultimately, O’Hara turns to philosophy and religion to argue for a new, humanistic approach to ethics in the financial industry. She makes a strong case for a way forward: fewer rules and more standards to foster a morally responsible outlook. Fearlessly raising the questions at the moral heart of our financial system, Something for Nothing is a masterful treatise on the ethics of modern finance.

Author: Antonio Argandona
Publisher: Springer Science & Business Media
ISBN: 3642797237
Category : Business & Economics
Languages : en
Pages : 274

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Book Description
Discussing ethics applied to finance can become a trivial and selfjustifying task if left to the practical men, or a task with no connection to reality, if performed by philosophers. This book, however, turns out to be an exciting piece of work, useful, provocative, full of ideas and suggestions, as experts in ethics discuss specific issues related to the financial institutions and markets, with the men and women that carry out the daily practice in such institutions and markets, as well as with scholars of economics and finance. Thus, the book covers everything from daily subjects to issues of a deeper nature, using a simple and clear language with solid foundations in economics and ethics, from a necessarily plural and open perspective.

Author:
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 168

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Book Description

Author: Costanza A. Russo
Publisher: Edward Elgar Publishing
ISBN: 1784716545
Category : Law
Languages : en
Pages : 448

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Book Description
The global financial crisis evidenced the corrosive effects of unethical behaviour upon the banking industry. The recurrence of misbehaviour in the financial sector, including fraud and manipulations of market indices, suggests the need to establish a banking culture that conforms to the highest standards of ethical and professional behaviour. This Research Handbook on Law and Ethics in Banking and Finance focuses on the role that law should play and the effectiveness of newly introduced regulations and supervisory actions as a driver for ethical conduct so as to reconnect the interests of bankers and financiers with the interests of society.

Author: Edward Hadas
Publisher: Ethics International Press
ISBN: 1804410276
Category : Business & Economics
Languages : en
Pages : 460

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Book Description
Conventional explanations of the nature of money are weighed down by bad ideas and irrelevant historical evidence. The standard theory of finance is hampered by the lack of both sociological and ethical contextualization, and by sloppy thinking about numbers and time. Money, Finance, Reality, Morality addresses those weaknesses with truly novel models of how the economy, money, and finance actually work. The book analyses the perception of money as an economic tool (as compared to a symbolic and sociological object) as a highly functional quantitative token that assigns numerical values to the inherently unmeasurable economic activities of labour and consumption. It looks at finance as an often inferior solution to economic problems and a tool for helping the poor support the rich. And it explains how the tolerance of greed makes the money-finance system the weakest link in modern economies. Money, Finance, Reality, Morality, written without jargon or maths, will be of interest to students, teachers and practitioners in economics and finance, government and politics, religion, philosophy, and sociology. Author: Edward Hadas is a Research Fellow at Blackfriars Hall, Oxford University (UK). He was formerly an economics editor and columnist for Reuters Breakingviews. He also worked on the Financial Times' influential Lex column, following 25 years as a financial analyst with firms such as Morgan Stanley and Putnam Investments.