当前位置: X-MOL 学术Journal of Business Ethics › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
How to Deter Financial Misconduct if Crime Pays?
Journal of Business Ethics ( IF 6.331 ) Pub Date : 2021-05-06 , DOI: 10.1007/s10551-021-04817-0
Karol Marek Klimczak , Alejo José G. Sison , Maria Prats , Maximilian B. Torres

Financial misconduct has come into the spotlight in recent years, causing market regulators to increase the reach and severity of interventions. We show that at times the economic benefits of illicit financial activity outweigh the costs of litigation. We illustrate our argument with data from the US Securities and Exchanges Commission and a case of investment misconduct. From the neoclassical economic paradigm, which follows utilitarian thinking, it is rational to engage in misconduct. Still, the majority of professionals refrain from misconduct, foregoing economic rewards. We suggest financial activity could be reimagined taking into account intrinsic and prosocial motivations. A virtue ethics framework could also be applied, linking financial behavior to the quest for moral excellence and shared flourishing. By going beyond utilitarian thinking and considering alternative models, we offer a fuller account of financial behavior and a better perspective from which to design deterrence methods.



中文翻译:

如果犯罪得到支付,如何阻止财务不端行为?

近年来,金融不当行为已成为人们关注的焦点,这导致市场监管机构增加了干预的范围和严重性。我们表明,有时非法金融活动的经济利益超过诉讼成本。我们以美国证券交易委员会的数据和一宗投资不当行为为例说明了我们的论点。从遵循功利主义思想的新古典经济学范式来看,进行不当行为是合理的。尽管如此,大多数专业人士还是要避免不当行为,这是经济上的回报。我们建议可以考虑内在动机和亲社会动机来重新构想金融活动。道德伦理框架也可以适用,将财务行为与对道德卓越和共同繁荣的追求联系起来。

更新日期:2021-05-06
down
wechat
bug