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Munich Personal RePEc Archive

Unethical dilemmas in derivatives practice

Alqatawni, Tahsen (2013): Unethical dilemmas in derivatives practice. Published in: Social Science Electronic Publishing , Vol. 9, No. 2271445 (29 May 2013)

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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.

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