| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12060 |
| DP12060 Ethical standards and cultural assimilation in financial services | |
| John Thanassoulis; Alan Morrison | |
| 发表日期 | 2017-05-22 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We study a firm with ethical employees who can adopt a profitable working practice that may harm their customers. Their response to this dilemma reflects their compensation contract as well as their ethical willpower. We identify optimal compensation contracts under utilitarian and deontological (duty-based) ethical standards. With utilitarian employees, and irrespective of employee willpower, a profit maximising firm with sophisticated customers generates the ethically best outcome. Organizational culture emerges as an equilibrium phenomenon. If the firm is a partnership, if sales commissions are hidden, or if customers are naive the firm may use bonuses to create a culture of malpractice. |
| 主题 | Financial Economics ; Industrial Organization |
| 关键词 | Culture Ethics Behavioural norms Bonuses |
| URL | https://cepr.org/publications/dp12060 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540871 |
| 推荐引用方式 GB/T 7714 | John Thanassoulis,Alan Morrison. DP12060 Ethical standards and cultural assimilation in financial services. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
