Scandinavian Working Papers in Business Administration

SSE/EFI Working Paper Series in Business Administration,
Stockholm School of Economics

No 2004:10: “I don’t Care that People don’t like what I do” - Business Codes Viewed as Invisible or Visible Restrictions

Peter Norberg ()
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Peter Norberg: Dept. of Business Administration, Stockholm School of Economics, Postal: Stockholm School of Economics, P.O. Box 6501, SE-113 83 Stockholm, Sweden

Abstract: Research about codes of corporate ethics has hitherto taken a hypothetical, correct meaning of codes for granted. The article problematises the dichotomous categories intrinsic and subjective meanings of codes. I address the question if professionals in finance accept codes of business. The particular mentality of stockbrokers and traders constructs the way they judge restrictions such as company codes of ethics. While neglecting dimensions of ethics beyond known rules, brokers and traders distrust good ethics as a possible end in itself. Many professionals in the financial market perceive efforts to integrate ethical reasoning in work as only means for maximising business opportunities.

Keywords: business codes; legitimacy; mentality; moral stress; stockbrokers; overman

27 pages, First version: September 1, 2004. Revised: January 4, 2008. Earlier revisions: November 29, 2004, November 29, 2004, May 15, 2006, January 2, 2008.

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