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Author Boatright, John R
Title Ethics in Finance
Imprint Somerset : John Wiley & Sons, Incorporated, 2014
©2013
book jacket
Edition 3rd ed
Descript 1 online resource (296 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Series Foundations of Business Ethics Ser. ; v.1
Foundations of Business Ethics Ser
Note Cover -- Title page -- Copyright page -- Contents -- Preface -- Acknowledgments -- Abbreviations -- Chapter One: Finance Ethics: An Overview -- The Need for Ethics in Finance -- Financial scandals -- Causes of wrongdoing -- The Field of Finance Ethics -- Defining the field -- Ethics and law -- Financial markets -- Financial services -- Financial management -- Conclusion -- Chapter Two: Fundamentals of Finance Ethics -- A Framework for Ethics -- The elements of ethics -- Markets and firms -- Market ethics -- Roles and relationships -- Agents, Fiduciaries, and Professionals -- Need for agents and fiduciaries -- Duties of agents and fiduciaries -- The role of professionals -- Conflict of Interest -- Defining conflict of interest -- Why conflicts occur in finance -- Examples of conflict of interest -- Managing conflict of interest -- Conclusion -- Chapter Three: Ethics and the Retail Customer -- Sales Practices -- Deception and concealment -- Churning, twisting, and flipping -- Credit Cards -- Ethical concerns -- Marketing to students -- Rates and fees -- Mortgage Lending -- Rise and fall of subprime -- Securitization -- What went wrong? -- The aftermath -- Arbitration -- Compulsory arbitration -- Hardball legal tactics -- Problems with arbitrators -- Punitive damages -- Conclusion -- Chapter Four: Ethics in Investment -- Mutual Funds -- Market timing -- Personal trading -- Soft-dollar brokerage -- Relationship Investing -- RI as an investment strategy -- RI and fiduciary duty -- Improving corporate governance -- Socially Responsible Investing -- Defining SRI -- Can SRI make a difference? -- Microfinance -- How microfinance works -- Ethical issues in microfinance -- Conclusion -- Chapter Five: Ethics in Financial Markets -- Fairness in Markets -- What is fairness? -- Fraud and manipulation -- Equal information -- Equal bargaining power
Insider Trading -- Insider trading defined -- Debate over insider trading -- Resolving the debate -- Hostile Takeovers -- Fairness in takeovers -- Takeover tactics -- Role of the board -- Financial Engineering -- Derivatives -- High-frequency trading -- Conclusion -- Chapter Six: Ethics in Financial Management -- The Corporate Objective -- What is shareholder wealth? -- Do firms seek to maximize? -- SWM and social responsibility -- Risk Management -- What is risk management? -- Ethical issues in risk management -- The failure of risk management -- Ethics of Bankruptcy -- Ethical basis of bankruptcy -- Use and abuse of bankruptcy -- What is wrong with strategic bankruptcy? -- Fairness and efficiency of Chapter 11 -- Personal bankruptcy -- Corporate Governance -- Case for shareholder primacy -- The shareholder contract -- Directors and CEO -- Problems with shareholder primacy -- Conclusion -- Index
"The world of finance is changing so quickly that we need strong moral guidance. In its third edition, John Boatright's Ethics in Finance still serves as a safe guide. This book should be on the desk of scholars, experts, managers, and analysts from all financial institutions and markets." -Antonio Argandoña, IESE Business School "Frederick the Great, author of the first Prussian banking law, famously said that finance is a special business practiced by special people. He was right. This excellent volume shows why. And how far we must go to return to first principles." -Ingo Walter, Stern School of Business, New York University
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Boatright, John R. Ethics in Finance Somerset : John Wiley & Sons, Incorporated,c2014 9781118615829
Subject Business ethics.;Finance -- Moral and ethical aspects
Electronic books
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