Perspectives: Corporate Finance and Original Sin

Posted: 21 Jul 2006


The unique characteristics of the financial services industry present practitioners with challenging ethical demands. Of these, the potential for extraordinary monetary gain and the moral anesthesia resulting from the inward-looking nature of the profession conspire to hamstring effective regulation by industry insiders. Effective control of the industry must come from outside the industry. The choice is between regulation by a private entity and regulation by a governmental body.

Keywords: Ethics and Professional Standards: Other, Investment Industry: Other, Advocacy, Regulatory, and Legislative Issues: Regulatory and Legislative Activities, Corporate Governance

Suggested Citation

Bernstein, William J., Perspectives: Corporate Finance and Original Sin. Financial Analysts Journal, Vol. 62, No. 3, pp. 20-23, June 2006, Available at SSRN:

William J. Bernstein (Contact Author)

Frontier Advisors ( email )

1890 Waite Dr. Suite 3
541-756-0668 (Phone)
541-756-3774 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
PlumX Metrics