Hong Kong Hike Case Study

Kara Tan Bhala ()
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Kara Tan Bhala: Seven Pillars Institute for Global Finance and Ethics

Chapter Chapter 3 in Ethics in Finance, 2021, pp 23-31 from Springer

Abstract: Abstract This case study concerns the practice of portfolio pumping. This trading form refers to quarter-end and/or year-end price manipulation on the part of fund managers via the excessive buying of securities they already own. I apply a Kantian deontological moral framework to assess the ethics of the act of portfolio pumping. The conduct is unethical because it violates a primary and near universal ethics principle: do not cheat.

Keywords: Mutual funds; Portfolio pumping; Window dressing; Price manipulation; Illiquid shares; Immanuel Kant; Deontological ethics; Duty; Categorical imperative (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-73754-2_3

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DOI: 10.1007/978-3-030-73754-2_3

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