Values of financial services professionals and the global financial crisis as a crisis of ethics

André van Hoorn

No 13009-GEM, Research Report from University of Groningen, Research Institute SOM (Systems, Organisations and Management)

Abstract: Many attribute the global financial crisis (GFC) to the ethical values of the people involved, financial services professionals (FSPs) such as stockbrokers or fund managers. The crisis-of-ethics debate is important, concerning one of the main policy challenges of our times, but is based on popular lore and anecdotes rather than systematic evidence. We assess the crisis-of-ethics account of the GFC by systematically analyzing the self-enhancement and self-transcendence values of FSPs vis-

Date: 2013
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