Ethics in Finance and Public Policy: The Ibercorp Case  

Oleh:

Argandona, Antonio

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Journal of Business Ethics vol. 22 no. 3 (Nov. 1999), page 219.
Topik: Banks; Ethics; Finance; Financial Markets; Inside Information; Preferential Treatment; Public Policy; Stocks; Tax Fraud
Fulltext: 219.pdf (96.28KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: BB27 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

The "Ibercorp affair" was front-page news in Spain at various times between 1992 and 1995. In itself, there was nothing particularly new about it: a newly formed financial group engaged in legally and ethically reprehensible behaviour that eventually came to light in the media, ruining the company (and the careers of those involved). What aroused public interest at the time was the fact that it involved individuals connected with Spanish public and political life, the media and certain business circles. Above all, it demonstrated the personal, economic, social and political consequences of a business culture based on the pursuit of easy profits at any price (what came to be known as the cultura del pelotazo or "culture of the fast buck"). Again, this is all too familiar in business ethics. But it served to goad Spanish society into a rejection of such behaviour. This article describes the facts and their ethical implications.

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