Unethical dilemmas in derivatives practice
AbstractThe current global economic crisis and its aftermath resulted of unethical practices of the companies' leaders and their financial management by improper usage of financial derivative, which turned the financial derivatives into a source of gambling, and spread to extremely large volume. Although, the unethical practices from a financial institution observing lack of ethics is made due to self interest that maximizes immediate profit putting shareholder wealth and small investor at risk rather than maximization of shareholder value.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 47407.
Date of creation: 28 May 2013
Date of revision: 10 Jun 2013
Unethical; Dilemmas; Derivatives; global financial; crisis; gambling;
Find related papers by JEL classification:
- G01 - Financial Economics - - General - - - Financial Crises
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- Giulia De Rossi & Tiziano Vargiolu, 2010. "Optimal prepayment and default rules for mortgage-backed securities," Decisions in Economics and Finance, Springer, Springer, vol. 33(1), pages 23-47, May.
- Alqatawni, Tahsen, 2013. "The Impact of the Dodd-Frank Act on Small Banks," MPRA Paper, University Library of Munich, Germany 51109, University Library of Munich, Germany.
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