Category Archives: Ethics

Restructuring the Personal-Public Gain Relationship: A Solution to the Battle Between Personal and Societal Interests

By | January 17, 2020

Courtesy of Kanksha Mahadevia Ghimire The United Nations Environment Programme issued a bulletin in 2013 highlighting the prevalent existence of corruption (fraud, bribery, abuses of power, etc.) in emissions trading, specifically the European Union’s Emissions Trading Scheme (EU ETS). Corruption undermines the emissions trading mechanism and weakens its chances to act as an effective incentive… Read More »

The Impact of Financial Misconduct on Employee Satisfaction

By | November 18, 2019

Courtesy of Yuqing Zhou and Christos Makridis Our recent paper uses data from Glassdoor to investigate changes in employees’ perceptions of firms and managers during periods of financial misconduct and after the public announcement of misconduct. Employees’ perceptions are critical for a few reasons. First, employee satisfaction is important for firm productivity. Second, employee satisfaction… Read More »

Debt in Just Societies: A General Framework for Regulating Credit

By | January 18, 2019

Courtesy of John Linarelli In my recent article, “Debt in Just Societies: A General Framework for Regulating Credit,” published in Regulation and Governance, I address the question of how we regulate access to credit (or debt markets) in a way that addresses inequality concerns. My focus is on inequality as a moral concern. In other… Read More »

Ethical Finance as a Systemic Challenge: Risk, Culture, and Structure

By | August 14, 2018

Courtesy of Saule T. Omarova Lately, there has been no shortage of scandals involving fraudulent, predatory, and otherwise ethically unacceptable behavior on the part of large financial institutions. Much of this behavior was also directly implicated in the generation of unsustainable levels of risk in the financial system, which led to the global financial crisis… Read More »