Date of Graduation

5-2023

Document Type

Thesis

Degree Name

Bachelor of Science in Business Administration

Degree Level

Undergraduate

Department

Finance

Advisor/Mentor

Sadeghi-Jourabchi, Ali

Committee Member/Reader

Foster, Robert

Abstract

Wall Street is viewed as the center of global finance. Although surrounded by a vast amount of popularity, Wall Street has had its fair share of unethical scandals. Despite numerous rules and regulations existing with the hopes of suppressing unethical behavior, multiple infamous individuals and companies have discovered ways around these rules which have led to detrimental effects on consumers, employees, companies, and the economy as a whole. Often, corruption can be traced back to one of three reasons. First, the individuals that are employed at big firms could lack morals and good character, which affects overall company culture. Second, the regulations as well as the punishments given in response to these scandals are too weak. Finally, society could be turning a blind eye to unethical behavior and could simply be tolerating it. The big question that remains unanswered is what can be further implemented to prevent and ensure that this type of behavior will be minimized in the future.

Keywords

Finance; Ethics; Regulations; Corporate Culture

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