Character Formation and Ethics in Business Finance and Economics (Annotated Bibliography Sample)

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Character Formation and Ethics in Business Finance and Economics: Annotated Bibliography
Street, Marc D., and Vera L. Street. Taking Sides: Clashing Views in Management. McGraw-Hill Contemporary Learning Series, 2007. Web. 15 Apr. 2014.
In the article introduction to “social responsibility,” Hay and Gray argue that organizations and corporations should extend their responsibility to more than just making or maximizing on profits. They base their argument on stakeholder theory, which they present in a historical manner of how management thinking has evolved on the limits of corporation responsibility.
Gross, Larry. “Downsizing: Are Employers Reneging on Their Social Promise.” Society of Chartered Property and Casualty Underwriters. CPCU Journal 54.2 (2001): 112–121. Print.
According to Larry Gross, the strategy of downsizing that is at times applied by corporations to their employees is unethical. He argues that this strategy violates the social and psychological contract that exists between the employers and employee. He posits that whenever one is employed, their exists some sense of security that is afforded to the employee by the employer so long as the employee remains committed, efficient, effective, and continues to adhere to the rules, regulations and continues to advance the goals of the organizations towards achieving its vision. Therefore, downsizing of employees who have proved to be productive and have shown commitment to the organization is immoral because it is a lucid violation of their employment contract

Gilbert, Joseph T. “Sorrow and Guilt: An Ethical Analysis of Layoffs.” SAM Advanced Management Journal 65.2 (2000): 4–13. Print.
Joseph Gilbert who is also a Professor discusses how downsizing can be considered unethical by the use of three prominent ethical approaches: that is rights and duties, utilitarianism, and justice and fairness. Following his analysis, Professor Gilbert makes a deduction that, in cases where downsizing is being used by a corporation or an organization to help it remain in business, otherwise, it goes under, and then it can be considered morally right and consequently ethical corporate behavior.
Subsequently, in his use of utilitarian approach which argues that the determination of whether an action is morally right or wrong is entirely dependent on its consequences, downsizing can be considered moral and thus ethical because they result in greatest utility for a large number of people. Further, the rights and duties approach contents that it is moral to downsize since employees lack absolute rights to their jobs. Nevertheless, the counter argument to ethicality to this is that these same employees still command a right of fair and just treatment. In conclusion, the justice and fairness approach finds downsizing to be immoral. This is because of lack of proportionality an employee`s behavior and the action of termination their duty.
Thompson, Robert B. “Insider Trading, Investor Harm, and Executive Compensation.” Case W. Res. L. Rev. 50 (1999): 291. Print.
Robert B. Thompson who is a legal scholar brings to the fore the argument posited by Henry Manne on the inside regulation. Thompson breaks down the status and the significance of the position taken by Henry Manne three decades ago after he had published his seminal paper. Henry had used three central assumptions to defend his arguments on the insider trading in the year 1996. However, today, three decades later, Henry`s arguments still remain as relevant and as alive in the regulation debates. It is still clear that despite having been through several and conflicting approaches, there still lacks a coherent and crystallized approach to the question of legalizing insider trading.
Chafuen, Alejandro Antonio. Faith and Liberty: The Economic Thought of the Late Scholastics. Lexington Bo