Preface vii Preface to the First Edition ix Acknowledgments xi Abbreviations xii Financial Ethics An Overview 129 The Need for Ethics in Financ... » 

Preface vii Preface to the First Edition ix Acknowledgments xi Abbreviations xii Financial Ethics An Overview 129 The Need for Ethics in Finance 46 Ethics and Financial Markets 103 The Financial Services Industry 1311 Individuals in Organizations 246 Theoretical Perspectives in Finance 3038 Equity and Efficiency 317 Fiduciaries Agents and Professionals 386 Agency Theory 446 Conflict of Interest 5018 Ethical Issues in Financial Services 6844 Sales Practices 699 Churning Twisting and Flipping 786 Arbitration 846 Personal Trading 909 Mutual Funds 9913 Ethical Issues in Investment Decisions 11230 Bank Lending Practices 1136 Socially Responsible Investing 1196 Relationship Investing 1257 Investment and the New Finance 13210 Ethics in Financial Markets 14234 Insider and Program Trading 1437 The Ethics of Bankruptcy 15010 Hostile Takeovers 16016 The Financial Theory of the Firm 17631 Traditional Theories 1775 The Contractual Theory 1827 The Objective of the Firm 1899 The Stakeholder Challenge 1989 Index 207 This second edition of the groundbreaking Ethics in Finance is an uptodate valuable addition to the emerging field of finance ethics. Citing examples of the scandals that have shaken public confidence in Wall Street John R. Boatright explains the importance of ethics in the operation of financial markets and institutions and in the conduct of «