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Business Ethics After the Global Financial Crisis: Lessons from The Crash

Business Ethics After the Global Financial Crisis: Lessons from The Crash

Hardcover

Series: Routledge Studies in Business Ethics

PhilosophyBusiness GeneralInvesting & Finance

ISBN10: 1138330507
ISBN13: 9781138330504
Publisher: Routledge
Published: Jan 28 2019
Pages: 190
Weight: 0.97
Height: 0.50 Width: 6.00 Depth: 9.00
Language: English

The global financial crisis (GFC) that began in 2007 concentrated attention on the morality of banking and financial activities. Just as mainstream businesses became increasingly defined by their financial performance, banks, it seemed, got themselves - and everyone else - into trouble through an over-emphasis on themselves as commercial enterprises that need pay little attention to traditional banking virtues or ethics. While the GFC had many causes, criticism was legitimately levelled at banks over the ethics of mortgage creation, excessive securitisation, executive remuneration, and high-pressure customer sales tactics, amongst other things. These criticisms mirror those that have been levelled at the business more generally, particular in the last decade, although the backdrop provided by the GFC is more dramatic, and the outcomes of supposed wrongdoing more severe.

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