Ethics in Finance

John R. Boatright is the Raymond C. Baumhart, S. J., Professor of Business Ethics and Professor of Management in the School of Business Administration at Loyola University Chicago. He is the author of the textbook Ethics and The Conduct of Business 2nd ed., and the editor of a casebook Cases in Ethics and the Conduct of Business, both published by Prentice Hall. Dr. Boatright is a past-president of the Society for Business Ethics, and he serves on the editorial boards of Journal of Business Ethics, Business Ethics Quarterly, and Business and Society Review. A graduate of the College of Wooster, he received his M A and Ph D in philosophy from the University of Chicago.

Preface. Acknowledgments. List of Abbreviations. 1. Financial Ethics: An Overview. The Need for Ethics in Finance. Ethics and Financial Markets. The Financial Services Industry. Individuals in Organizations. 2. Theoretical Perspectives in Financial Ethics. Equity and Efficiency. Fiduciaries, Agents and Professionals. Agency Theory. Philosophical Ethics. 3. Ethical Issues in Financial Services. Sales Practices. Churning, Twisting, and Flipping. Arbitration. Personal Trading. 4. Ethical Issues in Investment Decisions. Bank Lending Practices. Socially Responsible Investing. Relationship Investing. Investment and the New Finance. 5. Ethics in Financial Markets. Insider and Program Trading. The Ethics of Bankruptcy. Hostile Takeovers. 6. The Financial Theory of the Firm. The Theory of the Firm. The Firm as a Nexus of Contracts. Ethical Implications. Index.