ETHICAL AND UNETHICAL ISSUES IN FINANCE

        ETHICAL AND UNETHICAL ISSUES IN FINANCE


ETHICS IN FINANCE


Ethics generally concern with the humans behavior differentiate between right and wrong. General ethic in which truthfulness, honesty, respect of other and justice. Ethics in finance related to all aspects of life, including business and finance. Financial ethics is, therefore, a subset of general ethics. Ethics in finance is one of the main thing which everyone has to follow from the small, medium and big level company because all most all the country depend upon the financial backgrounds of the country because without financial component no business can run for a long time. The assumption of modern financial-economic theory are devotion, dependability, loyalty and ideas of honesty.

IMPORTANCE OF ETHICS-

  • When you think about it , you realize that you put your hard-earned savings in the care of financial firms-asset mangers, banks, insurance and all kind of funds- and you trust them to look after me money.
  • you want the best return, but there is a balance between risk and reward.
  • you need to feel confident that you can trust the finance professional to act with integrity, in your interest.
     In current times the finance or we can say that money is the basic and power     of all humans and this is the need of current time. so in this  many people were  unethical but this is the thing where the ethics is most important. Ethics is      important in finance because it involves the management of other people's capital, so ethics is also important in the finance.   

Image result for ethics in finance pics" 

some examples of unethical issue in finance:

  • Holding up bills of vendor on silly reason and ultimately buying products from other to avoid payments to earlier vendor.
  • cheating employee of their due toward medical expanses, leave travel assistance, children education fees etc.
  • delay in paying wages, interests to financers, incentives bonus to employees.

Comments

  1. Niyati luthra7 February 2020 at 10:49

    I totally agree with the importance of ethics and thank you for updating us with such information.

    ReplyDelete
  2. KOMMINENI Harika7 February 2020 at 19:43

    Good information, keep updating....

    ReplyDelete
  3. Rimjhim chetia7 February 2020 at 21:25

    Your example of unethical issues in finance helps me a lot to understand...
    It's really helpful.!

    ReplyDelete
  4. YOGESH TAKKAR7 February 2020 at 21:34

    what ethics do you think important in case of finance ?

    ReplyDelete
    Replies
    1. Priyanka Kumari sinha7 February 2020 at 22:11

      Thank you sir for this question..i think that trust is the main thing in case of finance.

      Delete
  5. ethicalworld8 February 2020 at 00:02

    This information is really revent about marketing, finance.in this all points are written very well

    ReplyDelete
  6. Raman Saini8 February 2020 at 00:22

    Quality content Keep posting.

    ReplyDelete
  7. Unknown8 February 2020 at 05:36

    super well explained

    ReplyDelete
  8. Unknown8 February 2020 at 08:00

    This is creating buzz !! It gives information in the topic that has not been disclosed much !!

    ReplyDelete
  9. Anonymous8 February 2020 at 08:25

    Nice content and well explained...

    ReplyDelete
  10. healthy together8 February 2020 at 08:33

    Nice content and good explanation!

    ReplyDelete
  11. Unknown8 February 2020 at 08:50

    Awesome contents with a wonderful explanation.

    ReplyDelete
  12. Kunwar Singh8 February 2020 at 10:17

    Why being ethical is important in financial management

    ReplyDelete
  13. Priyanka Kumari sinha8 February 2020 at 10:26

    Sir, the role of ethics in financial management is to balance, protect and preserved stakeholders interest.

    ReplyDelete

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