Ethics (Web Chapter)

50 Pages Posted: 23 Jan 2006 Last revised: 8 Feb 2015

See all articles by Ivo Welch

Ivo Welch

University of California, Los Angeles (UCLA); National Bureau of Economic Research (NBER)

Date Written: January 1, 2011


This is a chapter on ethics, that will be a supplementary part of my introductory corporate finance textbook. The chapter seeks to ask interesting questions and to provoke students. These questions asked have no clear answers and are generally not politically correct. The chapter can serve as the basis for a class session or as the basis for an entire class. The chapter is 'not' representative of the remainder of the book (freely readable online). However, I believe that the subject is important - and too often simply ignored by us finance professors - so this chapter will remain freely available.

JEL Classification: A13, A2, A1

Suggested Citation

Welch, Ivo, Ethics (Web Chapter) (January 1, 2011). Available at SSRN: or

Ivo Welch (Contact Author)

University of California, Los Angeles (UCLA) ( email )

110 Westwood Plaza
Los Angeles, CA 90095-1481
United States
310-825-2508 (Phone)


National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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