IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxixy2019i1p580-586.html
   My bibliography  Save this article

Ethics in Financial Analysis: Battlefield of Principles

Author

Listed:
  • Cristina Drumea

    (“Transilvania†University of Brasov)

Abstract

The paper discusses the way in which creative accounting practices and subsequent financial audit and analysis transform the economic environment leading to cascade crises, to proliferation of ill-practices and to violating ethic principles in the hope of a swift cash-out from volatile situations. Recent decades’ financial crises are discussed in relation to an increasingly controlled financial services market, while financial scandals keep on overflowing despite the over-regulation worldwide. Ethical behaviour of the main actors involved is disbalanced by quick profit enticement, which calls for stronger regulatory measures, in many legislators’ opinion, or for lesser intervention in the hope of a self-regulation under the law of supply and demand of financial services.

Suggested Citation

  • Cristina Drumea, 2019. "Ethics in Financial Analysis: Battlefield of Principles," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 580-586, August.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:1:p:580-586
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2019/08/4-5.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Michele Fratianni & Francesco Marchionne, 2009. "The Role of Banks in the Subprime Financial Crisis," Mo.Fi.R. Working Papers 23, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    2. Michele Fratianni & Francesco Marchionne, 2010. "The Banking Bailout of the Subprime Crisis: Size and Effects," PSL Quarterly Review, Economia civile, vol. 63(254), pages 187-233.
    3. Cristiana Drumea, 2008. "Rules On Business Ethics. Sox Standard," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 10(23), pages 155-160, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Francesco Marchionne & Alberto Zazzaro, 2018. "Risk and competitiveness in the Italian banking sector," Economics Bulletin, AccessEcon, vol. 38(1), pages 271-280.
    2. Jan Kregel, 2010. "Can a return to Glass-Steagall provide financial stability in the US financial system?," PSL Quarterly Review, Economia civile, vol. 63(252), pages 39-76.
    3. Fratianni, Michele & Marchionne, Francesco, 2013. "The banking bailout of the subprime crisis: Was the bang worth the buck?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 23(C), pages 240-264.
    4. Carlo D'Ippoliti, 2013. "Introduzione: L'Unione Europea e' "mammona" (Introduction: A Pansy European Union)," Moneta e Credito, Economia civile, vol. 66(264), pages 377-395.
    5. Ken Cyree & Pinghsun Huang & James Lindley, 2012. "The Economic Consequences of Banks’ Derivatives Use in Good Times and Bad Times," Journal of Financial Services Research, Springer;Western Finance Association, vol. 41(3), pages 121-144, June.
    6. Fratianni, Michele & Marchionne, Francesco, 2013. "The fading stock market response to announcements of bank bailouts," Journal of Financial Stability, Elsevier, vol. 9(1), pages 69-89.
    7. Michele Fratianni & Francesco Marchionne, 2010. "Banks’ Great Bailout of 2008-2009," Working Papers 2010-03, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    8. Alessandro Roncaglia, 2010. "Confronting the financial crisis: surveillance and regulation," PSL Quarterly Review, Economia civile, vol. 63(255), pages 295-298.
    9. Michele Fratianni & Francesco Marchionne, 2009. "Rescuing Banks from the Effects of the Financial Crisis," Mo.Fi.R. Working Papers 30, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    10. Michele Fratianni & Francesco Marchionne, 2010. "The Banking Bailout of the Subprime Crisis: Size and Effects," PSL Quarterly Review, Economia civile, vol. 63(254), pages 187-233.
    11. Cucculelli, Marco & Marchionne, Francesco, 2012. "Market opportunities and owner identity: Are family firms different?," Journal of Corporate Finance, Elsevier, vol. 18(3), pages 476-495.
    12. Zieliński, Aleksander Miłosz & Wetzel, Dietmar J., 2010. "Analysis of power relations of banks in contemporary society," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 12(1), pages 49-57.
    13. Dimitrios N.Koumparoulis, 2011. "Will human action by Ludwig von Mises help understand what causes the 2008 economic crisis?," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 61(3-4), pages 26-47, July - De.
    14. Alessandro Roncaglia, 2010. "Economic policy dilemmas in front of the crisis," PSL Quarterly Review, Economia civile, vol. 63(254), pages 181-185.
    15. Marian NASTASE & Alina Stefania CRETU & Roberta STANEF, 2009. "Effects of Global Financial Crisis," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(4), pages 691-699, October.
    16. Dumitriu, Ramona & Stefanescu, Razvan, 2014. "Perspective ale ţintirii inflaţiei [Perspectives of the Inflation Targeting]," MPRA Paper 52943, University Library of Munich, Germany, revised 14 Jan 2014.

    More about this item

    Keywords

    Creative Accounting; Financial Ethics; SOX Standard;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • G01 - Financial Economics - - General - - - Financial Crises
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xix:y:2019:i:1:p:580-586. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.