Conflicts of interest in financial intermediation

Journal of Business Ethics 81 (1):193 - 207 (2008)
Abstract
The last years have seen a surge of scandals in financial intermediation. This article argues that the agency structure inherent to most forms of financial intermediation gives rise to conflicts of interest. Though this does not excuse scandalous behavior it points out market imperfections. There are four types of conflicts of interest: personal-individual, personal-organizational, impersonal-individual, and finally, impersonal-organizational conflicts. Analyzing recent scandals we find that all four types of conflicts of interest prevail in financial intermediation.
Keywords financial intermediation  conflict of interests  principal-agent theory
Categories (categorize this paper)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 9,351
External links
  • Through your library Configure
    References found in this work BETA

    View all 7 references

    Citations of this work BETA
    Similar books and articles
    David B. Resnik (1998). Conflicts of Interest in Science. Perspectives on Science 6 (4):381-408.
    Thomas L. Carson (1994). Conflicts of Interest. Journal of Business Ethics 13 (5):387 - 404.
    Analytics

    Monthly downloads

    Added to index

    2009-01-28

    Total downloads

    21 ( #68,657 of 1,088,371 )

    Recent downloads (6 months)

    1 ( #69,449 of 1,088,371 )

    How can I increase my downloads?

    My notes
    Sign in to use this feature


    Discussion
    Start a new thread
    Order:
    There  are no threads in this forum
    Nothing in this forum yet.