Business Ethics: A Quantitative Analysis of the Impact of Unethical Behavior by Publicly Traded Corporations

被引：0
|
作者：
Deborah L. Gunthorpe
机构：
[1] University of Tennessee,
来源：
Journal of Business Ethics | 1997年 / 16卷
关键词：
Economic Growth; Quantitative Analysis; Business Ethic; Financial Market; Unethical Behavior;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This study examines whether the financial markets penalize public corporations for unethical business practices. Using event study methodology, it is found that upon the announcement that a firm is under investigation or has in some way engaged in unethical behavior, a statistically significant negative abnormal (excess) return is found. This suggests that firms are indeed penalized for their unethical actions.
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页码：537 / 543
页数：6
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