Shareholder authorized inside trading: A legal and moral analysis [Book Review]

Journal of Business Ethics 9 (12):913 - 928 (1990)
  Copy   BIBTEX

Abstract

This article evaluates inside trading from a legal and a moral perspective. From both of these points of view, the practice of inside trading is fraudulent whether it occurs in the traditional format or in the variation known as misappropriation. Fraud is a legal tort and a moral wrong consisting of a breach of duty that intentionally causes harm to persons that the insider can reasonably foresee. In defense against allegations of fraudulent inside trading, the defendant may argue that one or more elements of fraud are not evident, or, if the elements are clear, that the fraud was a justified means of avoiding some worse evil or of achieving some greater good. The article concludes that inside trading, under circumstances approved by shareholders, is neither fraudulent nor unfair.

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 91,271

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

The indefensibility of insider trading.Patricia H. Werhane - 1991 - Journal of Business Ethics 10 (9):729 - 731.
Applying ethics to insider trading.Robert W. McGee - 2008 - Journal of Business Ethics 77 (2):205 - 217.
Where should the line be drawn on insider trading ethics?Yulong Ma & Huey-Lian Sun - 1998 - Journal of Business Ethics 17 (1):67-75.
The ethics of insider trading.Patricia H. Werhane - 1989 - Journal of Business Ethics 8 (11):841 - 845.
What is really unethical about insider trading?Jennifer Moore - 1990 - Journal of Business Ethics 9 (3):171 - 182.
Justice and Insider Trading.Richard L. Lippke - 1993 - Journal of Applied Philosophy 10 (2):215-226.

Analytics

Added to PP
2009-01-28

Downloads
52 (#296,241)

6 months
8 (#317,415)

Historical graph of downloads
How can I increase my downloads?

Citations of this work

The Ethics of Insider Trading Revisited.Peter-Jan Engelen & Luc Van Liedekerke - 2007 - Journal of Business Ethics 74 (4):497 - 507.
Justice and Insider Trading.Richard L. Lippke - 1993 - Journal of Applied Philosophy 10 (2):215-226.

Add more citations

References found in this work

No references found.

Add more references