Investment Banking: The Inevitable Triumph of Incentives over Ethics

John Reynolds

Chapter 6 in Crisis and Recovery, 2010, pp 123-146 from Palgrave Macmillan

Abstract: Abstract Investment banking is a necessity in the modern economy. It enables companies and governments to finance and carry out increasingly global activities. It offers significant rewards to some investment bankers. It is vulnerable to abuse and the relentless pursuit of money and, by implication, power. Can it be ethical or is it intrinsically unethical, given the huge temptations?

Keywords: Commercial Bank; Hedge Fund; Credit Default Swap; Investment Bank; Equity Ownership (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29491-2_7

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DOI: 10.1057/9780230294912_7

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