David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 13 (3):197 - 204 (1994)
Recent finance literature attributes the development of derivative instruments (interest rate futures, stock index futures) to (1) technological advances, and (2) improved mathematical models for predicting option prices. This paper explores the role of social ethics in the acceptance of financial derivatives. The relationship between utilitarian ethical principles and the demise of turn-of-the-century bucket shops is contrasted with modern tolerance of financial derivatives based upon libertarian ethical precepts. Our conclusion is that a change in social ethics also facilitated the growth in trading in modern financial derivatives.
|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
Jason West (2015). Quantitative Method in Finance: From Detachment to Ethical Engagement. Journal of Business Ethics 129 (3):599-611.
Bonnie G. Buchanan (forthcoming). Securitization: A Financing Vehicle for All Seasons? Journal of Business Ethics.
Similar books and articles
W. Gary Simpson & Theodor Kohers (2002). The Link Between Corporate Social and Financial Performance: Evidence From the Banking Industry. [REVIEW] Journal of Business Ethics 35 (2):97 - 109.
Benjamin J. Richardson (2005). Corporate Finance and Environmentally Responsible Business. International Corporate Responsibility Series 2:79-100.
Roberto Garcia-Castro, Miguel A. Ariño & Miguel A. Canela (2010). Does Social Performance Really Lead to Financial Performance? Accounting for Endogeneity. Journal of Business Ethics 92 (1):107 - 126.
Johan Graafland, Bert van De Ven & Nelleke Stoffele (2003). Strategies and Instruments for Organising CSR by Small and Large Businesses in the Netherlands. Journal of Business Ethics 47 (1):45 - 60.
Ned Dobos, Christian Barry & Thomas Winfried Menko Pogge (eds.) (2011). Global Financial Crisis: The Ethical Issues. Palgrave Macmillan.
Bernadette M. Ruf, Krishnamurty Muralidhar, Robert M. Brown, Jay J. Janney & Karen Paul (2001). An Empirical Investigation of the Relationship Between Change in Corporate Social Performance and Financial Performance: A Stakeholder Theory Perspective. [REVIEW] Journal of Business Ethics 32 (2):143 - 156.
Curtis C. Verschoor (1998). A Study of the Link Between a Corporation's Financial Performance and its Commitment to Ethics. Journal of Business Ethics 17 (13):1509-1516.
Francesc Prior & Antonio Argandoña (2009). Best Practices in Credit Accessibility and Corporate Social Responsibility in Financial Institutions. Journal of Business Ethics 87 (1):251 - 265.
Added to index2009-01-28
Total downloads34 ( #94,254 of 1,725,464 )
Recent downloads (6 months)3 ( #211,098 of 1,725,464 )
How can I increase my downloads?