Tan Bhala Ethics in Finance

Case Studies from a Woman’s Life on Wall Street
2. Auflage 2023
ISBN: 978-3-031-34401-5
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 122 Seiten, eBook

Reihe: Progress in Mathematics

This award-winning book comprises multiple finance and ethics case studies. The purpose of the book is twofold. First, the case studies teach readers how to evaluate and determine resolutions to ethical issues in finance. Second, the reader will enjoy a journey with the author, a woman, over her years working in finance, through the use of case studies.

Prefaced by the additional of video introductions, these studies focus on ethical issues in finance which the author encountered over nearly a 30-year career in the industry. There are 10 case studies extracted from different sectors of finance. This broad range is a consequence of the author’s experience from almost all sides of the business: the buy side, the sell side, equity research in Asia, equity sales, mutual funds, hedge funds, the finance academy, and consulting.

Each case study has an engaging narrative describing the background, transactions, players, and ethical issues. The ethical issue is analyzed and resolved using the appropriate theories of moral philosophy. Descriptions and analyses are rigorous yet comprehensible, approachable, and entertaining.

Apart from ethics determinations, the material in the book covers and explains a variety of specific, and even complex, financial transactions. In every transaction there is an explanation of the roles of various players involved. In this way, readers will learn about the work of people in different positions in finance from investment bankers and equity traders to portfolio managers and equity analysts. Through these case studies, readers also will get an understanding of major financial transactions and activities such as IPOs, secondary offerings, equity trading, and equity valuations.

The book will appeal to practitioners, college and high school students, and lecturers who can use it to supplement courses in finance or business ethics. 

Zielgruppe

Professional/practitioner

Autoren/Hrsg.

Tan Bhala, Kara

Inhaltsverzeichnis

IntroductionChapter 1 Plantation Adventure Case Study1.1 Chapter 1 The Story: A Reverie of Somerset Maugham1.2 Chapter 1 Ethics Issue: Honesty in Equity Research1.3 Chapter 1 Ethics Analysis: Honesty and Integrity are Virtues1.4 Chapter 1 Right Action: Write it as You See it

Chapter 2 Bangkok Misadventure Case Study
2.1 Chapter 2 The Story: A Sordid Request – to Do or Not to Do?
2.2 Chapter 2 Ethics Issue: Friedman and Free Markets
2.3 Chapter 2 Ethics Analysis: Free Markets, Market Failures and Values
2.4 Chapter 2 Right Action: Values in Finance

Chapter 3 Hong Kong Hike Case Study
3.1 Chapter 3 The Story: The Pressure to Perform
3.2 Chapter 3 Ethics Issue: Cheating Our Way Up
3.3 Chapter 3 Ethics Analysis: What Would Kant Say?
3.4 Chapter 3 Right Action: Keep Calm and Carry on Ethically

Chapter 4 Mutual Fund Fun Case Study
4.1 Chapter 4 The Story: Quick Money at Others’ Expense
4.2 Chapter 4 Ethics Issues: Duty and Fairness
4.3 Chapter 4 Ethics Analysis: What Would Socrates Do?
4.4 Chapter 4 Right Action: Engage in Transparency and Fairness    

Chapter 5 High Finance Gender Inequity Case Study
5.1 Chapter 5 The Story: An Inner Sanctum for Men Only
5.2 Chapter 5 Ethics Issue: Gender Exclusion, Gender Discrimination
5.3 Chapter 5 Ethics Analysis: All Theories Say Gender Discrimination is Wrong
5.4 Chapter 5 Right Action: Stand Up for Women’s Rights

Chapter 6 Hedge Fund Edge Case Study
6.1 Chapter 6 The Story: Pushing the Edge to Get an Edge
6.2 Chapter 6 Ethics Issue: Insider Information
6.3 Chapter 6 Ethics Analysis: Why Insider Trading is Unethical
6.4 Chapter 6 Right Action: Don’t Be Seduced by the Money

Chapter 7 Hedge Fund Harassment Case Study
7.1 Chapter 7 The Story: Hedge Fund Boss Behaving Badly
7.2 Chapter 7 Ethics Issue: Maltreatment of Employees
7.3 Chapter 7 Ethics Analysis: It’s About Human Dignity
7.4 Chapter 7 Right Action: Your Money or Your Life

 Chapter 8 Whistleblowing Consultant Case Study

8.1 Chapter 8 The Story: Whistleblowing or No Good Deed Goes Unpunished
8.2 Chapter 8 Ethics Issue: Whistleblowing
8.3 Chapter 8 Ethics Analysis: To Whistleblow or Not, that is the Question
8.4 Chapter 8 Right Action: Consider Options Rationally, Then if you Can or Must, Whistleblow

Chapter 9 Finance Academy Gender Inequity Case Study
9.1 Chapter 9 The Story: Gender Discrimination in the Finance Academy
9.2 Chapter 9 Ethics Issue: Systemic Gender Discrimination, Implicit Bias
9.3 Chapter 9 Ethics Analysis: Fair Treatment and Rights
9.4 Chapter 9 Right Action: Speak Up and Garner Support

Chapter 10 Finance Academy Ideological Bias Case Study
10.1 Chapter 10 The Story: Fear of Allowing Different Perspectives
10.2 Chapter 10 Ethics Issue: Exclusion Based on Ideology
10.3 Chapter 10 Ethics Analysis: Making Finance Theories Better
10.4 Chapter 10 Right Action: Allow Other Ideas, Improve Finance Theory

Über Autor(innen)

Kara Tan Bhala is the President and Founder of Seven Pillars Institute for Global Finance and Ethics, USA, the world’s only independent think tank for research, education, and promotion of financial ethics. She was an Honorary Research Fellow at Queen Mary University of London, UK and currently sits as a Jury Member for the Ethics and Trust in Finance Global Prize (Switzerland) and is the U.S. Ambassador for the Transparency Task Force (UK). Dr. Tan Bhala has a rare combination of professional training and extensive experience in both global finance and moral philosophy. She has nearly 30 years of experience in global finance, much of which was gained through working on Wall Street. She has been a sell-side equity analyst, a sell-side equity sales person, a buy-side equity analyst, a portfolio manager, and a lecturer in finance. For 18 years she ran her own international financial markets consulting firm. Dr. Tan Bhala has five degrees across three disciplines: a Bachelors (City, University of London, UK) and Masters in Business (Oxford University, UK), a Masters in Liberal Studies (New York University, USA), and a Masters and PhD in Philosophy (University of Kansas, USA). She has lived and worked in London, Oxford, Singapore, Hong Kong, New York, Washington DC., and currently resides in Kansas City. She is a member of the Council on Foreign Relations, USA, and the Royal Society for Asian Affairs, UK.