Business ethics after the global financial crisis : lessons from the crash / edited by Christopher Cowton, James Dempsey, and Tom Sorell.

Format:

Book

Contributor:

Cowton, Christopher, editor.

Dempsey, James (Financial researcher), editor.

Sorell, Tom, editor.

Series:

Routledge studies in business ethics.

Routledge studies in business ethics

Language:

English

Subjects (All):

Business ethics.

Financial institutions--Law and legislation.

Financial institutions.

Banks and banking--Moral and ethical aspects.

Banks and banking.

Global Financial Crisis, 2008-2009.

Physical Description:

1 online resource (201 pages).

Edition:

1st ed.

Place of Publication:

New York : Routledge, 2019.

Summary:

The global financial crisis (GFC) that began in 2007 concentrated attention on the morality of banking and financial activities. Just as mainstream businesses became increasingly defined by their financial performance, banks, it seemed, got themselves - and everyone else - into trouble through an over-emphasis on themselves as commercial enterprises that need pay little attention to traditional banking virtues or ethics. While the GFC had many causes, criticism was legitimately levelled at banks over the ethics of mortgage creation, excessive securitisation, executive remuneration, and high-pressure customer sales tactics, amongst other things. These criticisms mirror those that have been levelled at the business more generally, particular in the last decade, although the backdrop provided by the GFC is more dramatic, and the outcomes of supposed wrongdoing more severe. This book focuses on business ethics after the GFC; not on the crisis itself, but how we should respond to it. The GFC has focused minds on the proper role of ethics in the understanding and conduct of business activity, but it is essential to look beyond the crisis to address the deeper challenges that it highlights. The aim of this volume is to present examples of the latest philosophically-informed thinking across a range of ethical issues that relate to business activity, using the banks and the GFC - the consequences of which continue to reverberate - as a point of departure. The book will be of great value to researchers, academics, practitioners, and students interested in business, ethics in general, and business ethics in particular.

Contents:

Introduction / Christopher Cowton, James Dempsey and Tom Sorell

Is financialisation a vice? : perspectives from virtue ethics and Catholic social teaching / Alejo José G. Sison and Ignacio Ferrero

On the morality of banking, the exploitation tradition and the new challenges of the global financial crisis / Adrian Walsh

How competition harmed banking: the need for a pelican gambit / Thomas Donaldson

Contemporary laws and regulation : an argument for less law, more justice / Ronald Duska and Tara Radin

Freedom in finance: the importance of epistemic virtues and interlucent communication / Boudewijn de Bruin and Richard Endörfer

Aristotelian lessons after the global financial crisis : banking, responsibility, culture and professional bodies / Christopher Megone

Professional responsibility and the banks / Christopher Cowton

Liability for corporate wrongdoing / James Dempsey

The bankers and the "nameless virtue" / Tom Sorell

Moralising economic desert / Alexander Andersson and Joakim Sandberg

Index.

Notes:

Includes index.

Description based on print version record.

ISBN:

9780429825897

0429825897

9780429447839

0429447833

9780429825880

0429825889

OCLC:

1084251429