Financial Ethics: A Positivist Analysis provides a positivist framework for the study of financial ethics built on a broad review of mainstream scholarly research. An objective of this book is to demonstrate that ethics is already animportant part of financial research, and therefore the approach taken here is more of a 'rediscovery' of the ethical dimension of financial economics. Thetext discusses several examples in which an ethics-centered approach to understanding economic phenomena is similar in spirit to other frameworks which have been applied in positive financial research. Several 'financial ethical technologies' are discussed that enhance economic value by mitigating moral risks in exchange. INDICE: PREFACE I; 1.: NORMATIVE AND POSITIVE APPROACHES TO FINANCIAL; ETHICS 1-1; 1.1 A WORKING DEFINITION OF FINANCIAL ETHICS 1-1; 1.2 FINANCIAL ETHICS AND BUSINESS ETHICS 1-3; 1.3 ORGANIZATION OF THE BOOK 1-7; 2.: FINANCIAL ETHICS AS A FIELD OF STUDY 2-1; 2.1 INEVITABLE INTERCONNECTIONS BETWEEN FINANCE AND ETHICS 2-1; 2.1.1 THE EXPANDING DOMAINS OF ECONOMICS AND ETHICS 2-2; 2.1.2 THE EVOLUTION OF FINANCIAL ECONOMIC RESEARCH 2-4; 2.1.3 FINANCIAL SCANDALS 2-6; 2.1.4 INVESTOR ACTIVISM 2-8; 2.2 EVIDENCE OF ACADEMIC INTEREST IN FINANCIAL ETHICS 2-9; 2.3 CHALLENGES TO THE INTEGRATION OF ETHICS AND FINANCE 2-11; 2.4 THE FINANCE IS VALUE-FREE ARGUMENT 2-12; 2.5 FRAMEWORK FOR FINANCIAL ETHICS2-14; 2.6 CONCLUSION 2-16; 3.: ELEMENTS OF A POSITIVE FINANCIAL ETHICS 3-1; 3.1 ETHICAL EXPECTATIONS AND ECONOMIC VALUE 3-1; 3.2 ETHICAL RISK 3-2; 3.3 ETHICAL RISK AND PERFECT COMPETITION 3-4; 3.4 ETHICAL RISK AND IMPERFECT COMPETITION 3-5; 3.5 POSITIVE FINANCIAL ETHICS: AN ILLUSTRATION FROM GAME THEORY 3-5; 3.6 HOW VARIATION IN ETHICAL EXPECTATIONS MAY AFFECT THE TRUST GAME 3-8; 3.6.1 GROUP SIZE 3-10; 3.6.2 INTRINSIC MOTIVATIONS 3-11; 3.7 CONCLUSION 3-12; 4.: THE ETHICAL TECHNOLOGIES OF FINANCE 4-1; 4.1 INTRODUCTION 4-1; 4.2 FINANCIAL ETHICAL TECHNOLOGIES 4-1; 4.3 OVERVIEW OF ETHICAL TECHNOLOGIES 4-2; 4.4 INSTRUMENTAL ETHICAL TECHNOLOGIES 4-4; 4.5 PROCEDURAL TECHNOLOGIES 4-10; 4.6 EXPRESSIVETECHNOLOGIES 4-16; 4.7 ETHICAL TECHNOLOGIES IN THE CONCEPT OF DISCRIMINATING ALIGNMENT 4-18; 4.8 CONFLICTS AMONG THE ETHICAL TECHNOLOGIES 4-19; 4.9 CONCLUSION 4-20; 5.: STUDIES ON THE INCIDENCE OF EXPROPRIATION 5-1; 5.1 ETHICAL RISKSAND CAPITAL MARKETS 5-1; 5.2 ECONOMIC PERFORMANCE ACROSS COUNTRIES 5-1; 5.2.1SOVEREIGN EXPROPRIATION RISK 5-3; 5.2.2 TRUST AND EXPROPRIATION RISK 5-6; 5.3ETHICAL RISKS AND CORPORATE FINANCE 5-7; 5.3.1 EXPROPRIATION RISK ACROSS COUNTRIES 5-7; 5.3.2 EXPROPRIATION RISK ACROSS FIRMS 5-9; 5.4 INTRA-SHAREHOLDER EXPROPRIATION 5-13; 5.4.1 'SHARKING' AND 'TUNNELING' 5-13; 5.4.2 MULTIPLE SHARE CLASSES 5-17; 5.4.3 'GREENMAIL' 5-18; 5.4.4 INSIDER TRADING 5-19; 5.5 EXPROPRIATION FROM OTHER STAKEHOLDERS 5-19; 5.5.1 EXPROPRIATION FROM EMPLOYEES 5-20; 5.5.2 EXPROPRIATION FROM MARKETS 5-21; 5.6 SUMMARY 5-25; 6.: FINANCIAL RESEARCHRELATING TO TRUST 6-1; 6.1 TRUSTWORTHINESS 6-1; 6.2 TRUST AND THE PRISONER'S DILEMMA GAME 6-2; 6.3 TRUST AND GROUP SIZE 6-8; 6.4 TRUST AND PRINCIPAL-AGENT RELATIONSHIPS 6-13; 6.5 CONCLUSION 6-15; REFERENCES 1
- ISBN: 978-0-19-530596-8
- Editorial: Oxford University
- Encuadernacion: Cartoné
- Páginas: 176
- Fecha Publicación: 25/11/2010
- Nº Volúmenes: 1
- Idioma: Inglés