New Financial Ethics

A Normative Approach
1. Auflage 2016
ISBN: 978-1-138-20732-5
Verlag: CRC Press

Buch, Englisch, 242 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 476 g

Reihe: Routledge Frontiers of Political Economy

Following the internationalisation, globalisation and deregulation of the financial market over the last few decades, the financial sector has evolved from a servicing industry into an initiating and leading sector in the international industrialised economy. The power of the financial sector, including Credit Rating Agencies, determines the creditworthiness of companies and countries. Today’s financial sector dominates instead of serving the real economy, which puts substantial pres - sure on all the agencies involved, not least the banks, to make the profits that will drive economic growth. As a result of this pressure, moral conduct in the financial sector has been put under severe strain.

This book examines the experience of the recent financial crisis and argues that a firmer ethical grounding for the financial sector is required to prevent the crisis being repeated. The book offers a model for making judgements on financial markets, institutions and products. The model is built on seven major criteria which are examined in depth: Justice, Nature, Sustainability, Legality, Risk and Return, the Stakeholder model and Monism. This multidisciplinary approach integrates philosophy, economics and law to arrive at a new normative approach to financial ethics.

This book is a must-read for finance students at academic levels but also for professionals in the financial sector, who can be helped by implementing the model of NFE in solving financial dilemmas.

Autoren/Hrsg.

Soppe, Aloy

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmensethik

Inhaltsverzeichnis

PART I Introduction

1 The growing role of financial ethics

2 Positioning new financial ethics

3 Financial ethics in law

PART II Economic playing field

4 Financial markets and ethics

5 Financial ethics and the role of the company

PART III The new financial ethics model

6 Fundamentals for new financial ethics

PART IV Applications

7 Applications of new financial ethics

Über Autor(innen)

Aloy Soppe is an Associate Professor of Financial Ethics at the School of Law of the Erasmus University in Rotterdam, Netherlands.