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Characterizing Virtues in Finance

Author

Listed:
  • Alejo José G. Sison

    (University of Navarra)

  • Ignacio Ferrero

    (University of Navarra)

  • Gregorio Guitián

    (University of Navarra)

Abstract

In this article, we shall attempt to lay down the parameters within which the practice of the virtues may be enabled in the field of finance. We shall be drawing from the three main sources, Aristotle, Catholic Social Teaching (CST) and MacIntyre, on which virtue ethics is based. The research question is what ought to be done for financial activities to truly contribute to eudaimonia or human flourishing (Aristotle), to the achievement of three distinct kinds of goods as required of virtue, “those internal to practices, those which are the goods of an individual life and those which are the goods of the community” (MacIntyre), and to “[help] man on the path of salvation” in the midst of complex network of relationships in modern societies (CST). These parameters could then be taken as conditions financiers ought to fulfill in order to live the virtues in their work and across different life spheres.

Suggested Citation

  • Alejo José G. Sison & Ignacio Ferrero & Gregorio Guitián, 2019. "Characterizing Virtues in Finance," Journal of Business Ethics, Springer, vol. 155(4), pages 995-1007, April.
    • Handle: RePEc:kap:jbuset:v:155:y:2019:i:4:d:10.1007_s10551-017-3596-1
    DOI: 10.1007/s10551-017-3596-1
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    References listed on IDEAS

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    1. Moore, Geoff, 2002. "On the Implications of the Practice–Institution Distinction: Macintyre and the Application of Modern Virtue Ethics to Business," Business Ethics Quarterly, Cambridge University Press, vol. 12(1), pages 19-32, January.
    2. Thomas I. Palley, 2013. "Financialization: What It Is and Why It Matters," Palgrave Macmillan Books, in: Financialization, chapter 2, pages 17-40, Palgrave Macmillan.
    3. Moore, Geoff, 2012. "The Virtue of Governance, the Governance of Virtue," Business Ethics Quarterly, Cambridge University Press, vol. 22(2), pages 293-318, April.
    4. Daniel Finn, 2012. "Human Work in Catholic Social Thought," American Journal of Economics and Sociology, Wiley Blackwell, vol. 71(4), pages 874-885, October.
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    Cited by:

    1. Clare J. M. Burns & Luke Houghton & Deborah Delaney & Cindy Shannon, 2023. "Ethical Decision-Making in Indigenous Financial Services: QSuper Case Study," Journal of Business Ethics, Springer, vol. 186(1), pages 13-29, August.
    2. Beat Reber & Agnes Gold & Stefan Gold, 2022. "ESG Disclosure and Idiosyncratic Risk in Initial Public Offerings," Journal of Business Ethics, Springer, vol. 179(3), pages 867-886, September.
    3. Anthony Asher & Tracy Wilcox, 2022. "Virtue and Risk Culture in Finance," Journal of Business Ethics, Springer, vol. 179(1), pages 223-236, August.
    4. Karol Marek Klimczak & Alejo José G. Sison & Maria Prats & Maximilian B. Torres, 2022. "How to Deter Financial Misconduct if Crime Pays?," Journal of Business Ethics, Springer, vol. 179(1), pages 205-222, August.
    5. Nicholas Burton & Matthew Sinnicks, 2022. "Quaker Business Ethics as MacIntyrean Tradition," Journal of Business Ethics, Springer, vol. 176(3), pages 507-518, March.
    6. Matthew Sinnicks, 2021. "“We Ought to Eat in Order to Work, Not Vice Versa”: MacIntyre, Practices, and the Best Work for Humankind," Journal of Business Ethics, Springer, vol. 174(2), pages 263-274, November.
    7. Gregorio Guitián & Alejo José G. Sison, 2023. "Offshore Outsourcing from a Catholic Social Teaching Perspective," Journal of Business Ethics, Springer, vol. 185(3), pages 595-609, July.

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