Conflicts of Interest in Financial Intermediation
Détails
Etat: Public
Version: Final published version
Licence: Non spécifiée
It was possible to publish this article open access thanks to a Swiss National Licence with the publisher.
ID Serval
serval:BIB_9AEF9858F24E
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Conflicts of Interest in Financial Intermediation
Périodique
Journal of Business Ethics
ISSN
0167-4544
Statut éditorial
Publié
Date de publication
2008
Peer-reviewed
Oui
Volume
81
Numéro
1
Pages
193-207
Langue
anglais
Résumé
The last years have seen a surge of scandals in financial intermediation. This article argues that the agency structure inherent to most forms of financial intermediation gives rise to conflicts of interest. Though this does not excuse scandalous behavior it points out market imperfections. There are four types of conflicts of interest: personal-individual, personal-organizational, impersonal-individual, and finally, impersonal-organizational conflicts. Analyzing recent scandals we find that all four types of conflicts of interest prevail in financial intermediation.
Mots-clé
Financial intermediation, Conflict of interests, Principal-agent theory
Web of science
Open Access
Oui
Création de la notice
29/11/2007 9:11
Dernière modification de la notice
14/02/2022 8:56