Bangkok Misadventure Case Study

Kara Tan Bhala (kara@sevenpillarsinstitute.org)
Additional contact information
Kara Tan Bhala: Seven Pillars Institute for Global Finance and Ethics

Chapter Chapter 2 in Ethics in Finance, 2023, pp 11-21 from Springer

Abstract: Abstract This case study teaches us to evaluate a questionable act using utilitarian and deontological frameworks of ethics analysis. The story is about an equity salesperson setting up a high revenue-generating client with a high-priced escort in Bangkok, at the request of the client. Is this act ethical? The case study goes through arguments debunking the Friedmanite profit maximization position, the free market contention, and the career suicide rationale.

Keywords: Equity sales; Milton Friedman; Modern Finance Theory (MFT); Efficient Market Hypothesis (EMH); Capital Asset Market Pricing Model; Profit maximization; Free Markets; Efficient Markets; Market failures; Utilitarian analysis (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-34401-5_2

Ordering information: This item can be ordered from
http://www.springer.com/9783031344015

DOI: 10.1007/978-3-031-34401-5_2

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla (sonal.shukla@springer.com) and Springer Nature Abstracting and Indexing (indexing@springernature.com).