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conditions remain scarce. Yet, creating an ethical business climate and especially the formalization of ethics through codes of … ethics incorporated in corporate standards is a particularly interesting phenomenon in the conditions of transit economies … emerged. First, companies with lower extent of ethical code use general phrases. When they want to specialize on any ethics …
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A poor ethical culture has been considered one of the reasons for the emergence of many corporate governance scandals. In this paper, I investigate the link between two corporate governance mechanisms – the composition of the board of directors and ownership structure – and ethical culture...
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Academics and regulators have given significant attention to the impact of institutional investors on the companies in which they invest. Some are concerned that the institutional investors act as common owners. But in their active ownership policies institutional investors often say they are...
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traditional view holds that outside investors undermine professional ethics, and this fear underpins bans on public ownership … professional ethics. I address this debate both conceptually and empirically. Conceptually, I develop several arguments both “for …
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