Business Ethics After the Global Financial Crisis: Lessons from The Crash

Christopher Cowton (Editor), James Dempsey (Editor), Tom Sorell (Editor)

Research output: Book/ReportBook

Abstract

The global financial crisis (GFC) that began in 2007 concentrated attention on the morality of banking and financial activities. Just as mainstream businesses became increasingly defined by their financial performance, banks, it seemed, got themselves – and everyone else – into trouble through an over-emphasis on themselves as commercial enterprises that need pay little attention to traditional banking virtues or ethics. While the GFC had many causes, criticism was legitimately levelled at banks over the ethics of mortgage creation, excessive securitisation, executive remuneration, and high-pressure customer sales tactics, amongst other things. These criticisms mirror those that have been levelled at the business more generally, particular in the last decade, although the backdrop provided by the GFC is more dramatic, and the outcomes of supposed wrongdoing more severe.

This book focuses on business ethics after the GFC; not on the crisis itself, but how we should respond to it. The GFC has focused minds on the proper role of ethics in the understanding and conduct of business activity, but it is essential to look beyond the crisis to address the deeper challenges that it highlights.

The aim of this volume is to present examples of the latest philosophically-informed thinking across a range of ethical issues that relate to business activity, using the banks and the GFC – the consequences of which continue to reverberate – as a point of departure. The book will be of great value to researchers, academics, practitioners, and students interested in business, ethics in general, and business ethics in particular.
LanguageEnglish
Place of PublicationNew York
PublisherRoutledge
Number of pages190
Edition1st
ISBN (Electronic)9780429447839, 9780429825897
ISBN (Print)9781138330504, 1138330507
DOIs
Publication statusPublished - 12 Feb 2019

Publication series

NameRoutledge Studies in Business Ethics

Fingerprint

Crash
Global financial crisis
Business ethics
Criticism
Business activity
Banking
Securitization
Executive remuneration
Wrongdoing
Financial performance
Mortgages
Tactics
Morality
Ethical issues

Cite this

Cowton, C., Dempsey, J., & Sorell, T. (Eds.) (2019). Business Ethics After the Global Financial Crisis: Lessons from The Crash. (1st ed.) (Routledge Studies in Business Ethics). New York: Routledge. https://doi.org/10.4324/9780429447839
Cowton, Christopher (Editor) ; Dempsey, James (Editor) ; Sorell, Tom (Editor). / Business Ethics After the Global Financial Crisis : Lessons from The Crash. 1st ed. New York : Routledge, 2019. 190 p. (Routledge Studies in Business Ethics).
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Cowton, C, Dempsey, J & Sorell, T (eds) 2019, Business Ethics After the Global Financial Crisis: Lessons from The Crash. Routledge Studies in Business Ethics, 1st edn, Routledge, New York. https://doi.org/10.4324/9780429447839

Business Ethics After the Global Financial Crisis : Lessons from The Crash. / Cowton, Christopher (Editor); Dempsey, James (Editor); Sorell, Tom (Editor).

1st ed. New York : Routledge, 2019. 190 p. (Routledge Studies in Business Ethics).

Research output: Book/ReportBook

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Cowton C, (ed.), Dempsey J, (ed.), Sorell T, (ed.). Business Ethics After the Global Financial Crisis: Lessons from The Crash. 1st ed. New York: Routledge, 2019. 190 p. (Routledge Studies in Business Ethics). https://doi.org/10.4324/9780429447839