The Ethical Economy of the Capital Market
The need for capital and thus financial resources to finance firms and projects creates its own market in which capital, in its most abstract form, is bought and sold as a securitized, exchange-tradable share of a firm. This established market begets norms of practice and trade in this market, norms of exchange and norms of advice on trading, which arise in the interplay between the capital market’s factual development and the normative rules of ethics and of legislation.
KeywordsCapital Market Stock Exchange Trade Volume Pension Fund Share Price
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