By Andreas R. Prindl, Bimal Prodham
This booklet offers, for the 1st time, a huge research of the total variety of power conflicts in finance, in response to either educational study and the perspectives of execs on how those concerns are confronted in perform. it will likely be crucial examining for college students of finance and banking, in addition to for finance execs
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Extra resources for The ACT Guide to Ethical Conflicts in Finance
A n d the d e g r e e o f risk o n t h e c r e d i t o r . P e r h a p s this is a n o t h e r u n f o r t u n a t e c o n s e q u e n c e o f t h e t e n d e n c y o f s o m u c h m o d e r n legislation t o b e o v e r d e t a i l e d . It s e e m s that P a r l i a m e n t c a n n o t a s s u m e that e v e n j u d g e s in t h e C h a n c e r y D i v i s i o n will i n j e c t a little b a s i c e q u i t y i n t o t h e i r i n t e r p r e t a t i o n o f statutes o r that they will s e e t h e w o o d f o r the trees i f t h e trees are t o o d e n s e .
T o r o n t o : University o f T o r o n t o Press, 2 0 1 - 7 . Bettelheim, C. 1975: Economic Calculations and Forms of Property. New York: Monthly Review Press. Black, F. and Scholes, M. 1972: T h e pricing o f options and cor porate liabilities, fournal of Political Economy, 81, May-June, 637-54. J. 1972: Unaccountable Accounting. New York: Harper and Row. Buchanan, J. M. 1965: Ethical rules, expected values and large numbers. Ethics, O c t o b e r , 1-13. C o m m o n s , J. R. 1934: Institutional Economics.
It is therefore an illusion that contractual relations are an alternative to 'social regula tion' (Durkheim 1964). 5 Frankena (1973), for instance, identifies three alternative schemes as follows: (i) seniority in which length o f tenure over rides performance; this is prevalent in Eastern societies, in China, Japan and India, for instance; (ii) a just distribution o n the dictum 'From each according to his abilities, to each according to his needs' - Marxist societies subscribe to this; and finally (iii) meritocracy to which Western societies subscribe.