Premium Essay

Business Research Ethics Paper

In: Business and Management

Submitted By cnadyne56
Words 808
Pages 4
Business Research Ethics Paper

Wayne Bell

University of Phoenix

RES/351 Business Research

Robert Caldwell

July 24, 2015

The Goldman Sachs Case When we think of the word ethics, we think of rules and regulations to keep us honest or to know the difference between right and wrong. Another way of defining ‘ethics’ focuses on the disciplines that study standards of conduct, such as philosophy, theology, law, psychology, or sociology” (Resnik, 2011). Considered by many economists to be the worst financial crisis since the Great Depression, the financial crisis of 2007 was primarily due to the collapse of the housing industries subprime mortgage market. Residential mortgage-backed securities are commonly issued bonds that are backed by thousands of residential real estate mortgages. The Goldman Sachs case was comprised of subprime mortgages. Most business organization possess a mission statement, a code of ethics or rules to follow to be able to limit the ethical issues that may arise within the Institution, Goldman Sachs did not have any of these. In exploring ethical behavior in the banking and financial institutions whose sole existent is to increase profits through the sale of consumer loans. In 2005, the banking industry started issuing subprime mortgage loans to consumers regardless of their income qualification. “The collapse in prices precipitated the collapse in banking profits, prompting a call for bailing out the banks. Government bailouts effectively rewarded financial institutions for “bad” behavior” (Watkins, 2011). Bottom line, financial institutions were being rewarded for unethical behavior when they should have been punished. When the financial crisis erupted in 2007, Goldman Sachs gave into pressure from federal regulators to convert themselves into bank holding…...

Similar Documents

Premium Essay

Business Research Ethics

...who we are as a person. Today’s society throws around the word integrity loosely these days. This paper will explain identifying situations that might lead to unethical practices and behavior in accounting. I will also share what I learned about the effect of the Sarbanes-Oxley Act of 2002 on financial statements. Examples of unethical behaviors involved injured parties, how the unethical behavior affected the organization, individual and society, and how the unethical behavior could be avoided will be discussed. Situations That May Lead to Unethical Practices There will be someone who will ask the person doing the books in business to ignore or change something in the books, when a person is in the accounting or finance field long enough. Choices like this are measured to be unethical practices and behavior. The practice of changing the books for whatever the reason is just one of many different ways that this can happen. The broad-spectrum of unethical occurs when employers do not obey the rules of their professions approved standards. Amazingly at times, though unethical it may not necessarily mean that it will be illegal. The people doing things right find this very frustrating in their industries. A popular example of an unethical practice may be a person whom manipulates businesses finance, or has different ways of controlling the net income to either make the business look better, or for their own personal gain, especially when it comes to paying taxes. People......

Words: 891 - Pages: 4

Premium Essay

Business Research Ethics

...Business Research Ethics RES/351 Business Research Business Research Ethics The trust instilled in a company that is being considered to provide support is immense. There are key factors that a company looks for when choosing. These factors could include integrity, reliability, honesty, responsibility, and prestige just to name a few. Enron and Arthur Andersen auditors had such a partnership where Arthur Andersen auditors provided accounting support. There were unethical practices that lead to the collapse of both companies. Arthur Andersen Auditors Arthur Andersen the founder of the company began his career at a young age. Mr. Andersen first partnered with another accountant to build an accounting firm. This partnership only lasted a few years. After the slip Mr. Andersen made it his mission to have his company do extremely well while having integrity in the accounting field. The company was taken internationally around the 1950’s. These years were very profitable for the company. There were known internationally and became very credible. In 1986 Arthur Andersen auditors began business with Enron. Enron Arthur Andersen auditors provided Enron with internal and external auditing for the business. Enron had a sizeable debt when it opens for business. The plans for the company was to purchase gas put it in a bank and then sell it to consumers. This was working well, however the debt was still noticeable. The problems arose when Enron began to lie on transactions...

Words: 768 - Pages: 4

Free Essay

Business Research Ethics

...Business Research Ethics Bobbie Stolze RES/351 October 15th, 2012 James Malachowski Business Research Ethics Today there are many cases of unethical business research that usually result in entire firms as well as individuals that are convicted and fined in the court of law. Unethical business research comes in many forms some of these forms are inappropriate questionnaires, research fraud, failure to maintain participant’s privacy, and even skewing research results. The following information is regarding scientific research fraud involving William McBride. McBride was an obstetrician who was found guilty of 24 counts of scientific fraud that ended up costing between five and seven million dollars after all was said and done. In 1980 McBride had announced that thalidomide was dangerous to women who are pregnant. He claimed that the drug would cause deformities of the limbs in mother’s unborn children. Several years later McBride had claimed that he completed research on another drug called Debendox, which is a drug used for treating morning sickness for pregnant women. McBride published this research and claimed that he has tested the drug on eight rabbits, and three of the rabbits ended up developing deformities because of the drug Debendox. Shortly following McBride’s research, the manufacturer of Debendox was forced to take the drug off the market even though there were only a few supporters of his research claim. It was later discovered by Phil Vardy was a......

Words: 820 - Pages: 4

Premium Essay

Business Research Ethics

...Business Research Ethics Oretha Johnson RES/351 December 3, 2012 Ethics can go unnoticed at times, but in actuality, ethics are of supreme significance for a list of grounds within any organization. Businesses have to make sure they adhere or abide by all level of ethics in all actions of the business. Ethics are one of the main focuses when it comes to business research. In this paper, the discussion will be prepared in relation between situations in which unethical business research behaviors were carried out by the business. The intention of this paper is to discuss a set of circumstances and various key points in relation to this specific case. Presently, this specific case had some ethical issues not taken into consideration. In the terminology of unethical research behavior, this particular corporation was without a doubt caught up in immoral research behavior. The corporation that is being focused on is a pharmaceutical company that teamed up with the individual who in the past had supplied the required research associated to the medicine of influenza (Dominick & Wimmer, 2010). Throughout the course of the contract, the professor was demanded to keep the research information private and of the record and also not to disclose to anyone of his colleagues or anyone else involved. The corporation had been working on the research, which was looking to refuse to give the research work out if anyone asked. For that reason, it was thought to be unethical on the part...

Words: 837 - Pages: 4

Premium Essay

Business Research Ethics

...Running head: Business Research Ethics Business Research Ethics Trish Hetherington University of Phoenix RES/351: Business Research Instructor: Mr. David Gobeli April 18, 2013 Introduction The purpose of this paper is to locate an article that discusses unethical business research conduct that has resulted in individuals or a firm being convicted or tried for unethical conduct. I have chosen to review the unethical behavior of Winifred Jiau. Winifred Jiau was business consultant from Fremont, California who was accused of insider trading in 2010. What Unethical Research was Involved? Winifred Jiau was charged with leaking information she provided about the financial results of Nvidia Corporation and Marvell Technology Group Ltd to two hedge-fund portfolio managers. Jiau obtained the financial results of these corporations while working as a consultant with "expert network" company Primary Global Research. Jiau unethically gave hedge-fund managers non-public information for $208,000 in cash over a period of two years, dozens of live lobsters, three iPhones, and numerous other gifts (San Francisco Chronicle, 2011). Who were the Injured Parties? I believe that every person who trades public stock was injured by the unethical acts of Winifred Jiau. I also believe that the economy as a whole was injured by Jiau. Jiau profited by sharing information that was not available to the public. Therefore, the people who did not......

Words: 756 - Pages: 4

Premium Essay

Business Research Ethics

...Business ethics is the principles and standards that determine acceptable conduct in business organizations. If there was any doubt that ethical standards can have a significant impact on work life, research has confirmed that such doubt is unwarranted. A multitude of research has demonstrated that ethics is related to a variety of important job related outcomes. For example, studies have shown that a higher ethical work climate (Mulki, Jaramillo, and Locander, 2008) and top leadership support for ethics and both positively relate to job satisfaction. Ethics codes (Valentine and Fisherman, 2008), ethics training, and perceived corporate social responsibility are also linked to job satisfaction. Unethical business research at work ranges from minor acts of deviance to immoral decisions that result in catastrophes such as the Enron and Merrill Lynch & Co Inc. These fields of research provide especially clear data on connection between unethical workplace acts and wellbeing: discrimination, bullying and injustice. Even though ethics is sometimes under looked in business it is an important conduct in the organization for a variety of reasons. Organizations have to ensure that they practice high standards of ethics in the organization to rip maximum benefits and avoid scandals such as the Enron And Merrill Lynch & Co Inc. Enron Corporation and Merrill Lynch & Co Inc, both practiced unethical business behavior, this is because two of their top officials were involved in......

Words: 971 - Pages: 4

Premium Essay

Business Research Ethics

...Business Research Ethics Felipe Perez RES/351 December 16, 2013 Dr. Sean Kenney Business Research Ethics Enron named Most Innovated in America and listed on Fortune’s 100 Best Companies fell from grace. Its success led it to shift its “vision form being the World’s Leading Energy Company to becoming the World’s Leading Company” (Verschoor). Businesses have a social responsibility both legally and ethically. There is nothing illegal about making money, but the manner in which you do so is. Ethics are norms or standards of behavior that guide moral choices about our behavior and our relationships with others. The goal of ethics in research is to ensure that no one is harmed or suffers adverse consequences from research activities (Cooper, Schindler). Enron’s ethical behavior started with its accounting department and the desire for greed. Without a governing body to ensure ethical responsibilities Enron continued to borrow money from itself eventually went bankrupt. In the wake of its missteps were retirements, stock, and countless employees. Enron’s lack of social responsibility, ethical failures, and poor management environment continued a cycle of irresponsibility. The ethical guidelines established by Enron were window dressing, to say the least. The mentality was utilitarian and the unethical cultural dominated poor decisions. “On the surface Enron kept projecting its image of being stalwart and responsible corporate citizen” (Verschoor). Enron’s management decided...

Words: 987 - Pages: 4

Premium Essay

Business Research Ethics

...Business Research Ethics Paper Jeffrey Duncan RES/351 01/03/2012 Johannes Hoffmann   Research used for business does have some rules of ethics, and should have no bias. However in some instances this does not happen. The Tabaco companies in 1994 skewed research results, and lied to congress to keep the F.D.A. from Regulating the nicotine in cigarettes. In the 70’s the Tabaco companies used unethical research practices, and then hid the documentation for thirty years. In July of 1995 a California congressman said that documents dated as far back as the 70’s show that the world's largest cigarette company tracked hyperactive third graders to see if they would later turn to smoking as a tranquilizer, and gave electric shocks to college students to see if it would make them smoke more. Back in 1995, Rep. Henry A. Waxman displayed stacks of documents from Philip Morris on the House floor that illustrated unethical and possibly illegal research into nicotine. One report had claimed that smokers crave nicotine more than food, Waxman said (Neergaard, 1995). In 1994, CEO William Campbell at Philip Morris testified before congress that Tabaco is not addictive (Neergaard, 1995). “Waxman said his documents prove Philip Morris knew more than a decade before the surgeon general did that nicotine was addictive. He read a 1969 company report for Philip Morris' board of directors that concluded smokers need the "pharmacological effect" of tobacco and that the craving was so great,......

Words: 865 - Pages: 4

Premium Essay

Business Research Ethics

...Business Research Ethics Business Research Ethics Ethical decision making is important for researchers. Codes, policies, and principals are very important and useful, like any set of rules; however, they do not cover every situation. They often conflict, and they require considerable interpretation. It is therefore important for researchers to learn how to interpret, assess, and apply various research rules and how to make decisions and to act in various situations. There are many situations where research is not ethical. These actions would be regarded as unethical and some might even be illegal. These actions may also violate professional ethics codes or institutional policies. According to the article, “Accounts Offered for Unethical Research Practices: Effects on the Evaluations of Acts and Actors,” describes two scenarios of two psychologists fabricating data and using plagiarism in their research. One Psychologist, who was a professor at a large university, was accused of fabricating some of the data in a large, longitudinal research project. Evidence resulted in an investigation. It was determined that subjects reported to have begun their participation with this psychologist in 1975, really did not begin their participation until 1977. However, the participants did report that they were contacted to participate in 1975. Due to the fabrication of data, job security and salaries of the Psychology Department were in jeopardy. The Psychologist admitted to making up...

Words: 777 - Pages: 4

Premium Essay

Business Research Ethics

...Business Research Ethics Kwantessa Chambers RES/351 August 11, 2014 Barry Adkins Business Research Ethics My ideal occupation is to become a professional stylist and open my own beauty salon. It was only fitting to find a research project that deals with hair studies. I stumbled upon an article where research was conducted on hair cosmetics. A 'healthy' head of hair is described as hair that has luster, is smooth, long and silky, bouncy, with good volume, and with no evidence of balding. You must be aware of the different textures of hair, which texture you have and what products you can use to keep it healthy. In this paper, I will summarize this article and show the correlation between hair cosmetics and ethical behavior. The hair care industry is a major factor in today’s society and is constantly changing. The focus has dramatically veered from merely cleaning to repair, increasing the tensile strength, reducing oxidative damage, and stimulating growth. Many people do not understand the fascination a woman or a man for that matter has with their hair. Newer shorter procedures to make hair look naturally more lustrous, smooth, and manageable have evolved. In this article, the author attempts to fill the lacunae in our knowledge of hair cosmetics and esthetic procedures relevant in today's rapidly changing beauty-enhancing industry (Madnani, Khan, 2013). In this research project, the unethical research practice to be avoided is the experimentation of chemicals......

Words: 837 - Pages: 4

Free Essay

Business Research Ethics

...Business Research Ethics University of Phoenix Shayla L. Morales RES/351 September 23, 2014 Ray Rivera Business Research Ethics Business research is a key aspect to the longevity and profitability of any business. Safety and profits are the key ingredients for Pharmaceutical industries. Some companies place their trust on individuals who perform the research and they entrust on the results when their products are incorporated into the market. A pharmaceutical company has surveillance from Medicines and Healthcare Products Regulatory Agency (MHRA). It guards the population from malicious activities of a rogue researcher. Any unethical behavior or choice done by an individual the organization can be fueled. In this paper, I will examine the unethical behavior and conviction of Steve Eaton who worked in the Pharmaceutical Apuit. He manipulated important safety tests on several potentially new drugs. Steven Eaton was scientist in a pharmaceutical company in Edinburgh. From 2003- 2009 Eaton researched data while working for a drug development firm. The research process, within the pharmaceutical industry, consisted of numerous verified tests which were falsified. The potential product results had to be safe before the product is able to move to clinical trials on human beings. Without passing results on all pre-tests, new potential pharmaceutical products will not make it to human trials. Eaton falsified data in order to secure funding for the clinical trials on......

Words: 701 - Pages: 3

Premium Essay

Business Research Ethics

...Business Ethics Education RES/351 Business Ethics Education The research that will be described in the paper that follows is about Business ethics education, exploring the question whether a course on the ethical decision-making in business could positively influence students, moral efficacy, moral meaningfulness, and moral courage. To investigate whether a graduate-level course in business ethics could influence students in the areas previous mentioned, a rigorous quasi-experimental pretest-posttest design with a treatment and control group was used. Findings revealed that students who took part in the business ethics treatment course, compared to the control group, experienced significant positive increase in all three areas. Ethics are norms or standards of behavior that guides moral choices about our behavior and our relationships with others. The goal of ethics in any place of business or in research is to see that no one is harmed, or suffers any consequences from job-related activities or research (Cooper, 2014,). There are two different approaches to ethics: a negative approach, or a positive approach. The negative approach will have a more narrow focus on enforceable rules, prohibited behaviors, and sanctions for misconduct, while a positive approach to ethics includes the promotion of positive morally praiseworthy ideals and behavior. MORAL EFFICACY The research here is to try and gain and understanding of the potential effect on business ethics......

Words: 827 - Pages: 4

Premium Essay

Business Research Ethics

...Business Research Ethics Kathleen Gatchell Res/351 September 28, 2015 Kristy Peterson Business Research Ethics “In recent years, Western organizations and companies have been increasingly using countries of the developing world as places of clinical trials. The involvement of human subjects in healthcare research evokes ethical concerns, especially when their culture is different and their socio-economic status is lower than the Western standards.” (Igoumenidis & Zyga, 2011) Ethical vs. Unethical Practices Bioethics is about ethical issues in the field of health care; it is the discipline which aims at ensuring that health care professionals, researchers, policy-makers, and even lawyers who deal with healthcare law, exercise their duties in the most just and ethically acceptable way. (Igoumenidis & Zyga, 2011) History is full of examples of humans being used as guinea pigs in experiments by people of power; the most famous being the Nazi human experimentation during WWII. “After the war, these crimes were tried at what became known as the Doctor’s Trial and this led to the development of the Nuremberg Code of Medical Ethics in 1949. “ (Igoumenidis & Zyga, 2011) This code led to the development of the Declaration of Helsinki in 1964, and its subsequent revisions – with the 6th Revision being the most recent one, in 2008. (Igoumenidis & Zyga, 2011) The basic principles of the code include: (Article 9): Respect for the individual (Article 8);......

Words: 714 - Pages: 3

Premium Essay

Business Ethics Research

... Business Torts and Ethics Jason Harris Business Torts and Ethics The definition of Tort is: A civil wrong, which can be redressed by awarding damages (Cornell University Of Law, 1993). In other text it states that it is a wrongful act or an infringement of rights that leads to civil legal liability. In this case where the tenant were attacked at her place of residence the intruder was solely responsible for his actions. The intruder infringed on the rights of my tenant Sharon by unlawfully entering her residence through her sliding door. In other research I have done it further states that a tortious act can cause injury to a person, which is exactly what happened to Sharon and Darryl. As they attempted to scare away the intruder they were brutally attacked which caused injury to each individual. The intruder had no right to be on the premises at all which in that moment made him liable for any illegal activity that happen from that point. Whether the intruder intentionally or unintentionally harmed Sharon or Darryl he was still in the wrong because he had broken into Sharon’s apartment. Owners Legal Responsibility As the apartment owner my responsible is to make sure that the apartment complex is secure and that the common areas are safe from criminal activity. As the owner I have to ensure that each apartment has fully functional locks and make sure all repairs that are reported are dealt with in a timely manner. In a case like this my obligation to the tenant is to......

Words: 1056 - Pages: 5

Premium Essay

Business Research Ethics

... Business Research Ethics Derrick Phillips RES/351 August 23, 2012 Business Research Ethics Ethics can go unnoticed at times, but, in actuality, ethics are of supreme significance for a list of grounds within any organization. Businesses have to make sure they adhere or abide by all level of ethics in all actions of the business. Ethics are one of the main focuses when it comes to business research. In this paper, the discussion will be prepared in relation between situations in which unethical business research behaviors were carried out by the business. The intention of this paper is to discuss a set of circumstances and various key points in relation to this specific case. Presently, this specific case had some ethical issues that were not taken into consideration. In the terminology of unethical research behavior, this particular corporation was without a doubt caught up in immoral research behavior. The corporation that’s being focused on is a pharmaceutical company that teamed up with the individual who in the past had supplied the required research associated to the medicine of influenza (Dominick & Wimmer, 2010). Throughout the course of the contract, the professor was demanded to keep the research information private and of the record and also not to disclose to anyone of his colleagues or anyone else involved. The corporation had been working on the research which was looking to refuse to give the research work out if anyone asked. For that reason, it was......

Words: 850 - Pages: 4