Nov 21, 2014
Study Finds Culture in the Banking Industry Favors Dishonest Business
According to a new economic study from Chicago Booth postdoctoral scholar Alain Cohn and Ernst Fehr and Michel André Maréchal, both of the University of Zurich, business culture in the banking industry implicitly favors dishonest behavior.
“Business Culture and Dishonesty in the Banking Industry,” published in the journal Nature, asks these questions that formed the basis for the study, which found that bank employees are in principle not more dishonest than their colleagues in other industries:
Are bank employees by nature less honest people? Or does the business culture in the banking sector favor dishonest behavior? Continue reading…
