Speculation and Insider Trading as a Problem of Business Ethics

Peter Koslowski

Chapter Chapter 16 in Developing Business Ethics in China, 2006, pp 174-183 from Palgrave Macmillan

Abstract: Abstract The stock exchange is the central institution of mediation between the supply of and demand for capital. What is proper conduct in the capital market, and what does justice in exchange and in pricing mean in the stock exchange? One of the key questions of proper conduct in the capital market is debated heatedly as the problem of insider trading, an issue that receives great attention in the debate about the business ethics of the capital market. The Zweite Finanzmarktförderungsgesetz (Second Law on the Improvement of the Financial Market) prohibits insider trading in Germany as of August 1, 1994. In the debate within schools of economics and law, there is, however, no agreement on the question of whether insider trading is detrimental or not.

Keywords: Business Ethic; Stock Market; Capital Market; Stock Exchange; Inside Trading (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-8462-3_17

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DOI: 10.1057/9781403984623_17

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