000			01493pab a2200181 454500
008			180718b2014 xxu||||| |||| 00| 0 eng d
100			_aLai, Jikon
245			_aAccountability and the enforcement of ethical values in finance: Insights from Islamic finance
260			_c2014
300			_ap.437-449.
362			_aDec
520			_aVivid debates on the ethical foundations of contemporary financial practices followed the global financial crisis of 2007-8, with many questioning whether narrow self-interest and profit maximisation should serve as primary drivers of behaviour in finance. This coincides with a resurgent research interest in finance ethics that has investigated whether ethical standards can or should be applied to financial practices and identified types of ethical principles that can or should be adopted. This paper contributes to this literature by investigating how ethical standards could be enforced in the financial sector by focussing on the example of Islamic finance in Malaysia. To facilitate the analysis, the paper adopts a broad understanding of the principal-agent relationship and uses the lens of accountability as a conceptual bridge between ethical standards and their enforcement. The paper concludes by drawing out broad implications of this analysis for conventional finance. - Reproduced.
650			_aEthics
650			_aAccountability
650			_aFinance
773			_aAustralian Journal of Public Administration
909			_a107377
999			_c107372 _d107372