Teaching ethics in finance curricula: personal and institutional virtues in financial markets

Zusammenfassung

This chapter is excerpted from ‘Teaching Ethics Across the Management Curriculum: Contributing to a Global Paradigm Shift, Volume III'. The need to embed business ethics in the teaching of management disciplines has at times given rise to a debate as to whether ethics should be taught as a stand-alone course or in an embedded manner. So far, the majority of opinions favor a consensus that both approaches are relevant and should be used complementarily for optimal results. This book offers unique insights into the experience of seasoned academics who embed business ethics in teaching management theory and practice. Its multidisciplinary approach enriches its content, since the insights of our colleagues from within their fields are invaluable. It therefore complements other business textbooks. Disciplines covered in this volume include entrepreneurship, accounting (financial accounting, cost accounting, auditing and tax), corporate finance, financial decision-making, investment, business statistics, international recruitment and international business. The book provides a platform to share experiences of teaching ethical profitability. This contributes to resolving concerns experienced when faculty wish to incorporate ethics into their teaching but feel they lack preparation or ideas on how to do it. The chapters describe each discipline briefly, raise the typical ethical issues therein, and suggest teaching strategies and exercises or projects. The 'developing versus developed country perspectives' sections may interest schools with high student diversity. The book also meets in-company training needs for attaining and sustaining an ethical culture.