Research On Conflicts And Regulation Of Corporate Financial Ethics

In the past few years, the frequent revealing of financial scandals in china and abroad has aroused once again scholars'concerns towards ethics and moral issue in finance practices. They studied many aspects including the meaning of financial ethics, contents and performance of conflicts. The constructive results of their research will make a contribution for the development of financial ethical theory and practices.In the thesis, we put corporate financial ethics, ethical conflicts and ethical regulation into the same analysis framework. Based on the theory of corporate financial ethics, the thesis focuses on the issue of ethical conflicts in finance practices and analyzes causes by cross-disciplinary theories. It provides the need for the ethical regulation in finance practices. At the same time, the thesis conducts a theoretical analysis of the relationship between the corporate financial ethics and the financial conflict. It provides theoretical support for the ethical regulation in finance practices.Meanwhile, the thesis conducts empirical research about the relationship between the corporate financial ethics and ethical conflicts. It provides empirical support for the ethical regulations in finance practices.Theoretical and empirical analysis together provide the possibility for ethical regulation. At the last, the thesis puts forward some suggestions as to how to go on ethical regulation in financial area from horizontal and vertical dimensions.The arrangements of the thesis are as follows:Chapter one:Introduction. It summarizes the background, significance and innovation of this research. It also expounds the basic ideas and the overall framework of this thesis.Chapter two:Financial Ethics Research:Past and Present. Starting with two thought leads the thesis combs the points of financial ethics. We find that the content of the financial ethics is rich in china and abroad, which some thoughts are consistent. Due to the impact of culture, there are some obviously differences. Western culture about democracy and individualism and the Confucian culture about harmony and moderate both affect their financial ethics, such as the Chinese and the Western both emphasize the fair in the financial allocation, but there are differences in the understanding fair. Generally, the Chinese more emphasizes the average in the financial allocation, while the Western emphasizes that individual pay equals the return. On the research about modern financial ethics, Chinese scholars focus on the research about the structure and system of financial ethics, while Western scholars focus on the ethical conflicts and the regulation.Chapter three, Ethical Conflicts and Regulation:Theoretical Foundations. The chapter discusses the viability of ethical regulation from the economics, ethics, sociology and finance. It provides theoretical support for later.Chapter four, Corporate Financial Ethics:Theoretical Analysis.First, based on the analysis of previous studies, we define the corporate financial ethics is that corporate in financial activities and dealing with financial relations should follow the ethical rules. It needs formal and informal channels to maintain and preserve the economic and ethical requirements, reflecting the inherent ethical elements of the finance and the ethical demands of financial development. We also analyze four elements of financial ethics and the structure constituted by these elements. In addition, the chapter classifies corporate financial ethics according to the awareness of corporate ethics and moral.Specifically, it includes the self-oriented financial ethics, rule-oriented financial ethics and care-oriented financial ethics. Finally, the chapter discusses the feature of corporate financial ethics from four aspects.Chapter five, Ethical Conflicts in Corporate Financial Activities:Practical Analysis. The chapter put the company as a research perspective of ethical conflicts and mainly reveals ethics conflicts from the financing, investment and income distribution aspects. The chapter also analyzes the causes of conflict from economics, ethics, sociology and finance.Chapter six, Ethical Conflicts in Corporate Financial Activities:Empirical Study. The chapter reveals the reality of ethical conflicts in corporate financial activities and analyzes the relationship between ethical conflicts and ethical climate by empirical methods. The conclusion is that self-oriented atmosphere of financial ethics has a positively correlation with corporate financial ethics conflict, while the rule-oriented atmosphere of financial ethics and care-oriented atmosphere of financial ethics have a negative correlation with ethical conflict. Therefore, it is very important for the development of companies to birth rule-oriented atmosphere of financial ethics and care-oriented atmosphere of financial ethics.Chapter seven, Regulation of Corporate Finance Ethics:Approach. The chapter provides feasible paths and measures for regulation of corporate finance ethics from the horizontal dimension and vertical dimension. The horizontal dimension includes ethics institutionalization and institutions ethicalization.While the vertical dimension consists of internal regulation and outside regulation.The innovations of the thesis:1. Theory research on corporate financial ethics. The thesis studies connotations, classification, elements, structure and other aspects of corporate financial ethics. The results of these studies provide theoretical support for further research.2. The thesis summarizes the performance of ethical conflict and analyzes its causes from different angles. This multi-angle analysis will help us understanding the ethical conflict of corporate finance.3. Research on regulation of corporate finance ethics. The thesis not only studies the theory of regulation of corporate financial ethics, but also provides feasible paths and measures for regulation of corporate finance ethics from the horizontal dimension and vertical dimension, which makes feasible path more systematic and logical.