A Study on the Interpretation of an Article Entitled“Case Studies of Ethics Scandals: Effects on Ethical Perceptions of Finance Studies”

A study on the interpretation of an article entitled

“Case Studies of Ethics Scandals: Effects on Ethical Perceptions of Finance Studies”

1. Letter of transmittal

Dear Professor Dilip Kumar Sen，

I have the honor to present to you my study on the interpretation of an article entitled “Case Studies of Ethics Scandals: Effects on Ethical Perceptions of Finance Studies” as partial fulfillment of the Management Accounting course requirement.

I finish this report independently. And I hope this report will prove to be satisfactory.

Respectfully yours,

Amelie

2. Executive summary

Compared with others subjects like marketing or accounting, finance journal and text books are more silent on the topic of “ethics”. The fact that business schools shift from a stand-alone business and society curse to integrating ethics into course across the entire business curriculum made the effect of teaching ethics in finance more critical. At the same time, researches have different opinions on the compatibility of ethics education with firm’s objective of shareholder wealth maximization. One previous study shows that case study combined with lectures is the most practical way of blending ethics instruction into the course. The study made by Julie A.B. Cagle and Melissa S. Baucus support the discovery in the discipline of finance.

3. Introduction

The article titled “Case Studies of Ethics Scandals: Effects on Ethical Perceptions of Finance Studies” is published on the magazine “Journal of Business Ethics” march 2006, covering 27 pages. One author Julie A.B. Cagle is associate professor of finance at Xavier University, and the other author, Melissa S. Baucus is associate professor of entrepreneurship at the same university. In this article, two authors designed a research to test whether integrating ethics into a finance course could affect students’ ethics, aiming at address the impact of ethics education in an undergraduate and a MBA finance course that...