Ethics in finance

Financial ethics : an overview. The need for ethics in finance. Ethics and financial markets. The financial services industry. Individuals in organizations

Theoretical perspectives in finance. Equity and efficiency. Fiduciaries, agents, and professionals. Agency theory. Conflict of interest

Ethical issues in financial services. Sales practices. Churning, twisting, and flipping. Arbitration. Personal trading. Mutual funds

Ethical issues in investment decisions. Bank lending practices. Socially responsible investing. Relationship investing. Investment and the new finance

Ethics in financial markets. Insider and program trading. The ethics of bankruptcy. Hostile takeovers

The financial theory of the firm. Traditional theories. The contractual theory. The objective of the firm. The stakeholder challenge.