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Oct 26, 2023 · The 2007-2008 financial crisis was caused by a confluence of many factors, including the Dotcom bubble burst, a low interest rate environment, financial products such as mortgage-backed...
In the innumerable discussions and debates about Asia’s financial turmoil, typically dated from the collapse of the Thai baht on July 2, 1997, the standard script includes an acknowledgment of a phe-nomenon called “moral hazard” (hereafter referred to as MH).
Jun 23, 2021 · In this article, the concept of immoral entrenchment is introduced to address how crises affect the expected firm responses to morally intense ethical issues. Immoral entrenchment suggests that firms experience threat-rigidity responses to crises that lead to collective moral disengagement.
- Welbourne Eleazar, J Miranda
- miranda-welbourneeleazar@uiowa.edu
- 2021
There is no denying that the current financial crisis – possibly the worst the world has ever seen and not over yet – has delivered a major seismic shock to the policy landscape.
- 139KB
- 30
Abstract: The 2008 global financial crisis raises ethical as much as financial questions. Moral outrage centered on the imbalance between banks (too big to fail) profiting from excessive risk-taking in good times and taxpayers suffering the costs in bad times.
Nov 6, 2017 · The study argues that the lack of criminal prosecutions of key financial executives has been a key factor in creating moral hazard. Eight years after the Great Recession ended in the USA, the financial services industry continues to suffer from a crisis of trust with society. Practical implications.
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Feb 23, 2016 · The case study examines five crucial dimensions of the 2007–2009 financial crisis in the United States: (1) the devastating effects of the financial crisis on the U.S. economy; (2) the multiple causes of the financial crisis and panic; (3) the extraordinary efforts of government regulatory agencies to stem the financial freefall triggered by ...