David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 106 (1):5-8 (2012)
On Sept 15, 2008, ‘‘Dark Monday,’’ the world witnessed a radical reshaping of Wall Street. Lehman Brothers fell toward bankruptcy; Merrill Lynch was sold to its rival, Bank of America; and AIG pleaded for $40 billion in government relief. Those calamities marched in step with a dismal parade including the US government takeover of Fannie Mae and Freddie Mac, the bailout of Bear Stearns, and the entire subprime debacle. We rightly blame Wall Street leaders for bungling business decisions, for misestimating risk and overloading banks with single-strategy investments. We now are living with the aftermath of these business mistakes. But how about ethical mistakes? Were they, too, part of the crisis?
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Hoje Jo & Haejung Na (2012). Does CSR Reduce Firm Risk? Evidence From Controversial Industry Sectors. Journal of Business Ethics 110 (4):441-456.
Jun Gu & Cristina Neesham (forthcoming). Moral Identity as Leverage Point in Teaching Business Ethics. Journal of Business Ethics.
Andrea Werner (2013). 'Margin Call': Using Film to Explore Behavioural Aspects of the Financial Crisis. Journal of Business Ethics:1-12.
Similar books and articles
G. Rossouw (2012). Global Business Ethical Perspectives on Capitalism, Finance and Corporate Responsibility: The Impact of the Global Financial Crisis of 2008. [REVIEW] Asian Journal of Business Ethics 1 (1):63-72.
Richard P. Nielsen & Ron Dufresne (2005). Can Ethical Organizational Character Be Stimulated and Enabled?: “Upbuilding” Dialog as Crisis Management Method. [REVIEW] Journal of Business Ethics 57 (4):311 - 326.
George DeMartino (2010). The Economist's Oath: On the Need for and Content of Professional Economic Ethics. Oxford University Press.
Dennis E. Skocz (2011). Wall Street and Main Street in Schutzian Perspective. Schutzian Research 3:165-184.
Robert A. Giacalone & Donald T. Wargo (2009). The Roots of the Global Financial Crisis Are in Our Business Schools. Journal of Business Ethics Education 6:147-168.
Armin Beverungen, Stephen Dunne & Casper Hoedemaekers (2013). The Financialisation of Business Ethics. Business Ethics 22 (1):102-117.
Rushworth M. Kidder (2009). The Ethics Recession: Reflections on the Moral Underpinnings of the Current Economic Crisis. Institute for Global Ethics.
Edward Wray-Bliss (2013). A Crisis of Leadership: Towards an Anti-Sovereign Ethics of Organisation. Business Ethics 22 (1):86-101.
Granville King (2002). Crisis Management & Team Effectiveness: A Closer Examination. Journal of Business Ethics 41 (3):235 - 249.
Richard P. Nielsen (2010). High Leverage Finance Capitalism, The Economic Crisis, Structurally Related Ethics Issues, and Potential Reforms. Business Ethics Quarterly 20 (2):299-330.
M. Ronald Buckley, Michael G. Harvey & Danielle S. Beu (2000). The Role of Pluralistic Ignorance in the Perception of Unethical Behavior. Journal of Business Ethics 23 (4):353 - 364.
Thomas Donaldson (2009). Compass and Dead Reckoning: The Dynamic Implications of ISCT. [REVIEW] Journal of Business Ethics 88 (4):659 - 664.
Warren J. Samuels (1993). The Growth of Government. Critical Review 7 (4):445-460.
Wei Yang & Kit-Chun Lam (2012). An Ethical Analysis of Economic Issues Related to the Appreciation of Renminbi. Asian Journal of Business Ethics 1 (1):79-87.
Added to index2012-02-07
Total downloads93 ( #13,122 of 1,102,781 )
Recent downloads (6 months)4 ( #84,523 of 1,102,781 )
How can I increase my downloads?