INSIDER TRADING FROM THE PERSPECTIVES OF TWO ETHICAL THEORIES: UTILITARIANISM AND KANT’S APPROACH

Yıl 2010, Cilt: 2 Sayı: 1, 1 - 8, 01.06.2010

Arzu Ozsozgun Emel Ozarslan Halil Emre Akbas

Öz

Utilitarianism is a general term for any view that holds that actions and policies should be
evaluated on the basis of the benefits and costs they will impose on society but in the respect of
Kant’s categorical imperative approach, intention is more important than result while we behave
in an action. The purpose of the study is to investigate the insider trading which is about buying or
selling of securities on the basis of material, non public information, with these two theories as
utilitarian principles and Kant’s approach from the perspectives of Business Administration
Students. The data was collected by different scenarios which reflect the insider trading in the
stock market. The results show that insider trading should be analyzing according to the condition
of this perspectives in order to find out that is ethical or unethical.

Anahtar Kelimeler

Insider trading, business ethics

Kaynakça

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