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Values of financial services professionals and the global financial crisis as a crisis of ethics

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  • van Hoorn, André

    (Groningen University)

Abstract

Many attribute the global financial crisis (GFC) to the ethical values of the people involved, financial services professionals (FSPs) such as stockbrokers or fund managers. The crisis-of-ethics debate is important, concerning one of the main policy challenges of our times, but is based on popular lore and anecdotes rather than systematic evidence. We assess the crisis-of-ethics account of the GFC by systematically analyzing the self-enhancement and self-transcendence values of FSPs vis-

Suggested Citation

  • van Hoorn, André, 2013. "Values of financial services professionals and the global financial crisis as a crisis of ethics," Research Report 13009-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    • Handle: RePEc:gro:rugsom:13009-gem
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