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Ethics and Finance

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What do ethics and ethical behavior have to do with finance?

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Solution Summary

Discusses how ethics play a role in finance.

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According to Verschoor (2001) pragmatic accountants are always looking for a return on the investments their organizations makes. According to this author, this is also true for ethical systems as well as "bricks and mortar"; management accountants want to know that ethical behavior has demonstrable positive results rather than just knowing it's the right thing to do. According to this site, a study by Walker Information, a global stakeholder research firm reports the results of 13 academic studies of empirical evidence that relate ethical corporate behavior, or 'good corporate citizenship' to positive business behavior. (In essence ethics has a great deal to do with finance since it is corporate culture and ...

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