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Displaying: 1-10 of 39 documents


1. Journal of Business Ethics Education: Volume > 9 > Issue: Special Issue
Parmendra Sharma, Eduardo Roca, Ken McPhail The Global Financial Crisis and Reinventing the Business School
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2. Journal of Business Ethics Education: Volume > 9
John Hooker In This Volume
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education research articles
3. Journal of Business Ethics Education: Volume > 9
Margaret Brunton, Gabriel Eweje Teaching Ethics: The Role of Culture in Ethical Perceptions
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This paper reports research carried out in a New Zealand university to revisit the question of whether national culture influences the perceptions of business students about ethical dimensions in somewhat ambiguous cases. Although this study demonstrated mixed results, the identified patterns in the data provide useful insight into the perceptions of diverse cultural groups. There are two main findings. First, the study provides an example which demonstrates that althoughHofstede’s (1991) dimensions of individualism and collectivism illustrate important differences, using these dimensions without consideration of the micro-context within geographical borders may result in variable outcomes. Second, the qualitative data revealed greater variability within cultures than would have been the case using purely quantitative data. Despite the similarity of the educational qualification these students receive, their perceptions of ethical and moral dilemmas in workplace scenarios do vary, primarily explained as an appeal to a deontological or teleological rationale, within as well as between cultural cohorts. Such insight into cultural differences is an integral component for those educators involved in curriculum development in the future.
4. Journal of Business Ethics Education: Volume > 9 > Issue: Special Issue
Ross Guest The Case for Integrating Accounting, Finance, and Economics in Teaching the GFC Through a Problem-Based Learning Approach
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This paper argues that a key lesson of the GFC of 2008-9 is that our “silo” approach to the disciplines of accounting, finance, and economics (AFE) has not equipped students to deal with complex real world problems such as global financial crises. Such real world problems are interdisciplinary in their causes, effects, and solutions. The paper discusses elements of each of the AFE disciplines that are essential for understanding the GFC, and why courses in economics and finance that seek to address the GFC as a topic need to integrate ideas from these three disciplines. A problem-based learning (PBL) approach is offered as a way forward, through at least one capstone course in a business/commerce degree that brings together the strands from a range of commerce/business disciplines in a case study approach. The paper offers an outline of such a PBL approach to the GFC.
5. Journal of Business Ethics Education: Volume > 9 > Issue: Special Issue
Jason West Money Mathematics: Examining Ethics Education in Quantitative Finance
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The field of quantitative analysis is often mistaken to be a discipline free from ethical burdens. The quantitative financial analyst or “quant” profession holds a position of significant responsibility as the keeper of mathematical models used in complex derivative security pricing and risk management. Despite this responsibility very few postgraduate programs address the teaching of ethics and professional standards in their curriculum, and the credibility of the profession has suffered as a result of several high-profile financial losses. Some of these failures could have been avoided and their impacts diminished if ethical considerations were integrated with quantitative method. Appropriate development in ethics education for quants is needed to identify points in the decision-making process where ethical questions can arise, and to explain how quants can protect stakeholders from the costs of unethical behaviour. An approach to ethics education needs to be flexible and allow for different methods to infuse ethical coverage into the course. Such an approach will go some way towards aligning the profession with other specialisations in banking and avoid the need for complex and unnecessary regulation.
education research articles
6. Journal of Business Ethics Education: Volume > 9
Ying Han Fan, Gordon Woodbine, Glennda Scully, Ross Taplin Accounting Students’ Perceptions of Guanxi and Their Ethical Judgments
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A cross sectional study of a sample of Australian accounting students during 2011 is used to test whether the relationship concept of guanxi is accepted as a social networking concept across cultures. While favour-seeking guanxi appears to be equally important across cultural groups (as a universal set of values), its negative variant, rent-seeking guanxi continues to be sanctioned to a greater extent by students holding temporary visas from Mainland China. Contrary to the findings of Fan, Woodbine, and Scully (2012) involving Chinese auditors, this study of Australian and Chinese students did not identify favour-seeking guanxi as a factor influencing ethical judgment, whereas rent-seeking guanxi was strongly significant as a predictor of judgment making for Australian students. Major concerns are expressed about the need to sensitize Chinese students to make them more aware of unethical practices prevalent in their home country. These findings have significant implications for educators delivering ethics courses to cohorts that include international students as well as the professional bodies involved in designing development programs.
7. Journal of Business Ethics Education: Volume > 9 > Issue: Special Issue
Richard I. Copp Teaching Finance in the Post-GFC Environment: Quomodo hic habetur, et Quo hinc?
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Despite criticism in the wake of the GFC, history shows that theory and curricula adapt to rectify any disconnects between theory, curricula, and practice. Finance theory unquestionably has antecedents in economics, accounting, legal theory, and psychology. Some theoretical developments—including the moral hazard consequences of limited liability—have yet to filter through to many texts and curricula, which also omit explanations of uncertainty; incomplete and (sub)optimal contracting; contagion; and behavioural finance. Student learning outcomes could be enhanced if universities, perhaps in a final year, cross-disciplinary “capstone” course, empowered students to understand the financial documentation evidencing sophisticated transactions; map relevant cash flows and wealth transfers; and recognise Ponzi schemes, the ethics of stakeholder wealth transfers, the conditions for contagion, and incentives for adverse selection and moral hazard in practice.
education research articles
8. Journal of Business Ethics Education: Volume > 9
Shireenjit Johl, Beverley Jackling, Grace Wong Ethical Decision-Making of Accounting Students: Evidence from an Australian Setting
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This study investigates accounting students’ ethical decision-making judgments and behavioral intentions. The Multidimensional Ethics Scale (MES) was used to measure the extent to which a hypothetical behavior was consistent with three moral criteria (Moral Equity, Relativism and Contractualism). The study specifically tests the differences in ethical decision-making between students who have been exposed to a dedicated ethics unit of study compared with students who have not studied ethics. The influences of culture and gender on students’ ethical decision-making are also addressed in the study. Ethical decision-making was assessed via three case studies describing moral dilemmas that an individual, business or professional person might face. The results provide support for the MES and the value added from incorporating a dedicated ethical decision-making unit in the accounting curriculum. The results also support prior evidence of gender bias and the impact of cultural differences on ethical decision-making.
9. Journal of Business Ethics Education: Volume > 9 > Issue: Special Issue
Jacqueline M. Drew, Michael E. Drew Who Was Swimming Naked When the Tide Went Out? Introducing Criminology to the Finance Curriculum
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Finance programs around the world have been revising their curricula following the Global Financial Crisis (GFC). While much of the debate has centred on the dominance of scientific and quantitative pedagogical approaches to finance education in business schools, one of the most egregious aspects uncovered during the deleveraging of the financial system was the scale and scope of finance crime and financial fraud (including the Madoff scandal, described as the largest Ponzi scheme in history). This paper argues that those “on the inside”, the professionals within the finance industry, have a central role to play in safeguarding the ethics and integrity of financial markets. It is our conjecture that prevention and earlier detection of finance crime and financial fraud may be addressed, in part, by better educating finance professionals about these issues. We posit that the enormity of illegal activity uncovered in the wake of the GFC demands, as a matter of priority, the integration of criminological and criminal justice theory into the finance curriculum.
10. Journal of Business Ethics Education: Volume > 9 > Issue: Special Issue
Richard I. Copp, Victor Wong Ethics Education for Finance Students Following the GFC
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University finance curricula have been criticized in the financial press in the wake of the GFC for ignoring the ethical dimensions of financial decision-making in practice. Many practitioners experience moral dilemmas about whether the broader “public interest” objectives of legal or accounting regulation, for example, should at times be sacrificed in favour of fulfilling an inconsistent upper management objective. Moreover, many propositions in finance are both positive and normative. For example, financial maxima and optima can be discussed only for a given distribution of wealth between relevant parties: shareholder wealth can be maximized, but only subject to a “given” constraint determined by the ethical norms of the society in which the firm operates. Assuming students’ sensitivity to ethical issues can be enhanced, ethics should be embedded within finance curricula, together with a final year, capstone course on “Ethical Investing” in the degree.