Ethics and finance : an introduction

Hendry, John 1952- (author.).

Summary: "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"--

Record details

ISBN: 9781107612488 (pbk.)
ISBN: 9781107024229 (hardback)
ISBN: 1107024226 (hardback)
ISBN: 1107612489 (pbk.)
Physical Description: print
ix, 309 pages : illustrations ; 25 cm.
Publisher: New York : Cambridge University Press, 2013.
Copyright: ©2013

Content descriptions

Bibliography, etc. Note:

Includes bibliographical references (pages 289-300) and index.

Formatted Contents Note:

1. Opening case study: the financial crisis -- Introduction -- financial crisis -- Some ethical questions -- 2. Introduction -- Finance and morality: a history of tension -- Finance and amorality: theory, technique, abstraction -- Finance theory and human motivation -- nature of money -- technical practice -- Ethics and finance: a philosophical approach -- 3. Ethical foundations -- Ethics and moral practice -- Normative ethics -- 4. financial system -- global financial system -- Finance, investment, wealth creation and self-interest -- 5. Lending and borrowing: where finance meets ordinary people -- Introduction: the moral environment -- Varieties of lending -- Ethics and economics in personal lending -- Default and bankruptcy -- 6. Trading and speculation: the ethics of financial markets -- Financial markets in theory and practice -- ethics of speculative trading -- Market manipulation -- Insider trading -- 7. Agency and accountability: managing other people's money -- Agency and accountability in economics and ethics -- Churning and noise trading -- Rogue traders -- Bankers' bonuses -- 8. Products, promotion and client relationships -- Active fund management -- Personal finance -- Corporate finance and the promotion of derivatives -- Sell-side research -- Initial public offerings -- Illegal and ethically questionable products -- Issues and analysis -- 9. Financial reporting and corporate governance -- Earnings management -- Tax avoidance -- Corporate governance: shareholders and other stakeholders -- responsibilities of the CEO -- 10. Epilogue: the ethics of financial regulation -- responsibilities of regulation -- challenges of financial regulation.