From Passive Aristocracy to Ethical Activity: Self-regulation in the Swedish Financial Market

Peter Norberg ()
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Peter Norberg: Dept. of Business Administration, Stockholm School of Economics, Postal: Stockholm School of Economics, P.O. Box 6501, SE-113 83 Stockholm, Sweden, http://web.hhs.se/personal/norberg/

No 2006:4, Working Paper Series in Business Administration from Stockholm School of Economics

Abstract: This article informs the question of how a business sector interacts with perceived demands from the public. Swedish financial firms suffer from low public confidence. The Swedish public has become increasingly involved in the equities market. Brokerage houses have al-ways appeared as exclusive. Using codes of ethics to effectively signal commitment to ethical principles serves both the objectives of seriousness and normality.

Keywords: codes of ethics; financial market; legitimacy; confidence; organizational behaviour (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fmk
Date: 2006-05-04, Revised 2008-01-04
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