Unethical dilemmas in derivatives practice

Tahsen Alqatawni

MPRA Paper from University Library of Munich, Germany

Abstract: The current global economic crisis and its aftermath resulted of unethical practices of the companies' leaders and their financial management by improper usage of financial derivative, which turned the financial derivatives into a source of gambling, and spread to extremely large volume. Although, the unethical practices from a financial institution observing lack of ethics is made due to self interest that maximizes immediate profit putting shareholder wealth and small investor at risk rather than maximization of shareholder value.

Keywords: Unethical; Dilemmas; Derivatives; global financial; crisis; gambling (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2013-05-28, Revised 2013-06-10
New Economics Papers: this item is included in nep-pke
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Citations: View citations in EconPapers (1)

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