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...

This is the sixth article in the Economists' hubris paper series, which aim to critically examine the practical applications of academic thinking. The focus of this article is business ethics, with a specific focus on the financial services industry. The main challenges that one faces in...

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...

Nothing is more common in moral debates than to invoke the names of great thinkers from the past. Business ethics is no exception. Yet insofar as business ethicists have tended to simply mine abstract formulas from the past, they have missed out on the potential intellectual gains in...

When a series of corporate scandals erupted soon after the collapse of the 1990's bull market in equities, policy makers and reformers chiefly responded by augmenting and refining the checks and balances surrounding publicly traded corporations. Through measures such as the Sarbanes-Oxley Act of...

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...