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Professional ethics and moral behaviour in financial markets

Assistant Professor Peter Norberg

One aim is to discuss the question if responsible behaviour can evolve from within a specific business sector. Secondly, focus is put on desirable virtues in the financial market. Is immoral behaviour likely to lead to success? Greed is fundamental to the mentality of financial markets, and is important for the formation of incentives to employees in high finance. Education in economics reproduces the belief in the justice and efficiency of the invisible hand. Financial actors justify their actions with help of this abstract rationality instead of taking much immediate moral responsibility. They tend to disregards the moral foundation of their business. Thirdly, attention is put on the question how employees understand ethical codes.

Keywords:
Leadership and human resources

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