The seeds for the 2007-09 financial collapse were sewn over many years and nurtured by ill-advised governmental housing policy, the presence of pervasive fraud both large and small and the widespread failure of personal integrity. A chronology of bad choices made by individuals and the...

Companies that are going to thrive must have a soul. Those that are only concerned with “maximizing shareholder wealth” or “maximizing profit” will find themselves going the way Enron went. CEOs will have to lead the revolution and should be the ones exhorting executives to make...

The authors posit that one should not take a binary approach to business ethics because there are gradations. They propose that firms may be classified according to the following metric: Level I: The Totally Unethical Organization; Level II: The Legalistic Unethical Organization; Level III: The...

A growing group of investors claim to use divestment strategies to stop financing economic activities harmful for the climate or society. In this paper we test whether investors also use this strategy against ethically-reprehensible behaviours of banks, especially when these investors represent...

This study investigates the change in perception level of students' regarding the values and ethics taught in the professional program. Students of the management department of a University in Tripura were taken into consideration for the purpose of conducting the study. The students of the...

This article presents a new method of teaching ethics in economics based on recent developments in game theory. Economics traditionally divides normative questions from positive questions, and relies only on the Pareto principle to distinguish good actions and policies from bad ones in answering...

An essential component of ethics and compliance programs is the training of organizational members. Training helps ensure that all employees understand their legal and regulatory obligations, and company policies. There are significant legal incentives for organizations to adopt training but...

This study examines whether microfinance institutions (MFIs) that serve women borrowers at the base of the economic pyramid are likely to adopt a written code of positive organizational ethics (POE). Using econometric analysis of operational and economic data of a sample of MFIs from across the...

Islamic economic thought and finance are rooted in Islamic ethics. Their ideals and means are not, however, exclusive to Islam. The principles of Islamic finance emphasize market-based risk-sharing modes of financing that promote assets and enterprise, deploy finance in service of the real...