Ethics in Finance.

Cover -- Title page -- Copyright page -- Contents -- Preface -- Acknowledgments -- Abbreviations -- Chapter One: Finance Ethics: An Overview -- The Need for Ethics in Finance -- Financial scandals -- Causes of wrongdoing -- The Field of Finance Ethics -- Defining the field -- Ethics and law -- Financial markets -- Financial services -- Financial management -- Conclusion -- Chapter Two: Fundamentals of Finance Ethics -- A Framework for Ethics -- The elements of ethics -- Markets and firms -- Market ethics -- Roles and relationships -- Agents, Fiduciaries, and Professionals -- Need for agents and fiduciaries -- Duties of agents and fiduciaries -- The role of professionals -- Conflict of Interest -- Defining conflict of interest -- Why conflicts occur in finance -- Examples of conflict of interest -- Managing conflict of interest -- Conclusion -- Chapter Three: Ethics and the Retail Customer -- Sales Practices -- Deception and concealment -- Churning, twisting, and flipping -- Credit Cards -- Ethical concerns -- Marketing to students -- Rates and fees -- Mortgage Lending -- Rise and fall of subprime -- Securitization -- What went wrong? -- The aftermath -- Arbitration -- Compulsory arbitration -- Hardball legal tactics -- Problems with arbitrators -- Punitive damages -- Conclusion -- Chapter Four: Ethics in Investment -- Mutual Funds -- Market timing -- Personal trading -- Soft-dollar brokerage -- Relationship Investing -- RI as an investment strategy -- RI and fiduciary duty -- Improving corporate governance -- Socially Responsible Investing -- Defining SRI -- Can SRI make a difference? -- Microfinance -- How microfinance works -- Ethical issues in microfinance -- Conclusion -- Chapter Five: Ethics in Financial Markets -- Fairness in Markets -- What is fairness? -- Fraud and manipulation -- Equal information -- Equal bargaining power.

Insider Trading -- Insider trading defined -- Debate over insider trading -- Resolving the debate -- Hostile Takeovers -- Fairness in takeovers -- Takeover tactics -- Role of the board -- Financial Engineering -- Derivatives -- High-frequency trading -- Conclusion -- Chapter Six: Ethics in Financial Management -- The Corporate Objective -- What is shareholder wealth? -- Do firms seek to maximize? -- SWM and social responsibility -- Risk Management -- What is risk management? -- Ethical issues in risk management -- The failure of risk management -- Ethics of Bankruptcy -- Ethical basis of bankruptcy -- Use and abuse of bankruptcy -- What is wrong with strategic bankruptcy? -- Fairness and efficiency of Chapter 11 -- Personal bankruptcy -- Corporate Governance -- Case for shareholder primacy -- The shareholder contract -- Directors and CEO -- Problems with shareholder primacy -- Conclusion -- Index.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.