Journal 2 - regulations on Wall Street and in the market...

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Daniel Yoon Intro to business Professor Reaves K21 9/15/10 More Wall Street Analysts Buy Corporate Social Responsibility More Wall Street Analysts Buy Corporate Social Responsibility URL: http://business-ethics.com/2010/09/10/1311-study-more-wall-street-analysts-buy- corporate-social-responsibility/ Wall street analysts have noticed a trend in publicly held companies that are favoring private firms who have superior ratings according to the Corporate Social Responsibility (CSR) practices. Initially ethics were not a major concern with private firms and corporations as the battle between equity and efficiency was extremely one-sided. Furthermore with the lenient
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Unformatted text preview: regulations on Wall Street and in the market system, business saw no need to restrain for the sake of ethics. However in the past decade stringent government regulations on business have arisen taking hold of certain, “unsavory” practices and ending them, or at least reducing the costs of unethical business practices. Furthermore the government as well as some companies have created incentives for private firms to become more ethical. Tax break and funding have been granted to those companies who have reduced their carbon footprints. Overall it appears that the government is taking the reigns of the market in order to preserve ethics....
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This note was uploaded on 01/31/2012 for the course EXPOSITORY 101 taught by Professor Mr during the Spring '06 term at Rutgers.

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