Business Ethics and Risk Management

1. Front Matter

   Pages i-viii

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2. Risk Management and Risk Taking

   1. Front Matter

      Pages 1-1

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   2. Risk Taking and the Ethics of Entrepreneurship

      • Christoph Luetge

      Pages 3-14

3. Risk Management on Financial Markets

   1. Front Matter

      Pages 15-15

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   2. The Present Use of the Future: Management and Production of Risk on Financial Markets

      • Elena Esposito

      Pages 17-26

   3. Epistemically Virtuous Risk Management: Financial Due Diligence and Uncovering the Madoff Fraud

      • Boudewijn de Bruin

      Pages 27-42

4. Risk Management in Organizations

   1. Front Matter

      Pages 43-43

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   2. Risk Management, Banality of Evil and Moral Blindness in Organizations and Corporations

      • Jacob Dahl Rendtorff

      Pages 45-70

   3. Transforming Risks into Moral Issues in Organizations

      • Cristina Besio

      Pages 71-84

   4. Decision-Making as Navigational Art: A Pragmatic Approach to Risk Management

      • Matthias Gronemeyer

      Pages 85-96

5. Philosophical Issues of Risk Management

   1. Front Matter

      Pages 97-97

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   2. Beyond Risk Management, Toward Ethics: Institutional und Evolutionary Perspectives

      • Thomas Beschorner

      Pages 99-110

   3. Consequentialism, Deontology and the Morality of Promising

      • Nikil Mukerji

      Pages 111-126

6. Case Studies in Risk Management

   1. Front Matter

      Pages 127-127

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   2. The Nuclear Power Plant: Our New “Tower of Babel”?

      • Julie Jebeile

      Pages 129-143

   3. The Global Economic Crisis as a Risk for the International Trade in Hanoi

      • Hoang Anh Nguyen

      Pages 145-156

7. Back Matter

   Pages 157-160

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This volume explores various aspects of risk taking. It offers an analysis of financial, entrepreneurial and social risks, as well as a discussion of the ethical implications of empirical findings. The main issues examined in the book are the financial crisis and its implications for business ethics. The book discusses unethical behaviour as a reputational risk (e.g., in the case of Goldman Sachs) and the question is raised as to what extent the financial crisis has changed the banks’ entrepreneurial strategy. The book presents an analysis of the reasons leading to the crisis and identifies them as ethical dilemma structures.  In addition, it looks at general questions regarding ethical behaviour and risk taking, such as: To what extent does the social embeddedness or abstraction play a role in guaranteeing ethical behaviour? What conclusions can be drawn from institutional or evolutionary perspectives on risk management? Finally, the book discusses further issues that become factors of risk within and between societies, such as work insecurity, corruption or the problem of facilitation payments as a risk in international transactions.​  

• Banking after the financial crisis
• Business Ethics and Risk Management
• CSR and Risk Management
• Development Of Reputational Risks in The Case ff Goldman Sachs
• Epistemic Virtues in Risk Management
• Ethical Principles in Risk Management
• Ethics of Risk
• Facilitation Payments as A Risk in International Transactions
• Fair Competition of Ideas
• Financial Crisis As A Result Of Divergent Dilemma Structures
• Financial Due Diligence
• Financial Risks
• Impact of the Global Economic Crisis
• Moral Cross Bearing
• Moral Risk and Mangement
• Problem of Politics and Business Ethics
• Risk Management
• Risk Management or Risk Prevention?
• Risk Taking and Ethics
• Risk management and Business Ethics
• Risk of Work Insecurity
• Social embeddedness as guarantor of ethical conduct?
• Strength of Promissory Obligations
• Too Much Risk
• Transforming Risks Into Mora
• Unethical Behavior

• Peter Löscher Chair of Business Ethics, Technische Universität München, Munich, Germany

  Christoph Luetge, Johanna Jauernig

Policies and ethics