| Author: | Palazzo, G. Rethel, L. |
| Title: | Conflicts of interest in financial intermediation |
| Journal: | Journal of Business Ethics
2008 : AUG, VOL. 81:1, p. 193-207 |
| Index terms: | finance ethics conflict theories |
| Language: | eng |
| Abstract: | It is argued in this article that the agency structure inherent to most forms of financial intermediation gives rise to conflicts of interest (hereafter as: c-of-i.), which points out market imperfections. There are four types of c-of-i: i. personal-individual, ii. personal-organizational, iii. impersonal-individual, and iv. impersonal-organizational conflicts. Based on recent scandals' analyzes, it is found that in financial intermediation all four types of c-of-i. do prevail. |
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