How could virtue ethics provide a solution to cheating?
Many management theorists believe that most instances of insider trading in organizations occur because top managers did not establish a strong enough ethical tone. Others believe insider trading is based on poor leadership from top managers, which then trickles down to employees. What does cheating in the use of insider trading information say about the ethical environment or leadership of a firm? How could virtue ethics provide a solution to cheating? Provide at least three examples in support of your view. Describe how virtue ethics education might be applied to a situation of insider trading cheating.
Chapter 6 in Ethics in Accounting: A Decision-Making Approach
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Dalton, D., & Radtke, R. (2013). The joint effects of Machiavellianism and ethical environment on whistle-blowing. Journal of Business Ethics, 117(1), 153-172.
Prempeh, K. B., & Odartei-Mills, E. (2015). Corporate governance structure and shareholder wealth maximization. Perspectives of Innovations, Economics & Business, 15(1), 1-30.
Association of Certified Fraud Examiners. (2018). Report to the nations on occupational fraud and abuse. Retrieved from http://www.acfe.com/rttn2016.aspx
Haider, J. (2009). Investor protections and economic growth. Economic Letters, 103(1). Retrieved from http://ssrn.com/abstract=1112143
Klein, G. (2016). Ethics in accounting: A decision-making approach. Hoboken, NJ: John Wiley & Sons, Inc.
Sifuna, A. (2012). Disclose or abstain: The prohibition of insider trading on trial. Journal of International Banking Law and Regulation, 27(9), 340-352.
