Ethics

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Ethics

Standards of conduct or moral judgment.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Ethics

The study and practice of appropriate behavior, regardless of the behavior's legality. Certain industries have professional organizations setting and promoting certain ethical standards. For example, an accountant may be required to refrain from engaging in aggressive accounting, even when a particular type of aggressive accounting is not illegal. Professional organizations may censure or revoke the licenses of those professionals who are found to have violated the ethical standards of their fields.

In investing, ethics helps inform the investment decisions of some individuals and companies. For example, an individual may have a moral objection to smoking and therefore refrain from investing in tobacco companies. Ethics may be both positive and negative in investing; that is, it may inform where an individual makes investments (e.g. in environmentally friendly companies) and where he/she does not (e.g. in arms manufacturers). Some mutual funds and even whole subdivisions are dedicated to promoting ethical investing. See also: Green fund, Islamic finance.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
In the long term, sharing what works best to effectively educate employees about ethics supports more effective self-governance throughout the defense industry and government alike, and frankly, it is something we owe to our men and women in uniform.
* Informal Ethics Opinions Service --The ethics opinion process continues to rate as among the most desirable services on membership surveys.
Ethics has to be integrated from an end to end value chain.
In case of the teaching profession, Jayamma and Sumangala (2012) describe that "teacher professional ethics mean a set of dignified principles put into practice by the teachers.
The third section offers chapters on recent changes in ethics protocol as well as data retention and sharing.
The emphasis on ethics teaching in curricula of dental schools reflects the importance of promoting ethical behavior.
Former Secretary of Defense Leon Panetta described his expectations for reinforcing ethics as a central element of workplace culture as follows:
As an ethics committee member for several years, I feel that some chapters are very well done.
The fact that Prof.Shabih H.Zaidi has been practicing medicine now for many decades in different cultures and countries, his passion for religious works, his keen interest in philosophy, literature, poetry, history has further enriched the contents of this book on Ethics.
Nicolaisen (2004; 2003), Chief Accountant of the Securities and Exchange Commission (SEC) advocated the need for CPAs and CPA firms to observe ethics principles of the accounting profession in the application of accounting rules.
This study is grounded in the considerable body of scholarship examining the underlying assumptions that inform business ethics theories and practices, the categories of business ethics, and the scope of business ethics.