López-Muñiz, Nydia I.

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How has the ethical meltdown affected the financial performance of the US incorporated
(2014) López-Muñiz, Nydia I.; Córdova-Claudio, Mario; College of Business Administration; Dávila Padilla, Saylisse; Department of Business Administration; Amador Dumois, María
The financial crisis of 2007-2010 had its origins in 2001, coinciding with an ethical collapse. The ethical crisis had consequences that extended through 2012 and affected the financial performance of the Global Systemically Important Banks (G-SIBs). Explore how the interaction of some ethical predictors can affect the financial performance measures would help enterprises to emphasize the importance of ethical behavior. Data used for this research was collected from the Securities and Exchange Commission. The multivariate analysis of Partial Least Squares regression was used to select relevant indicators of corporate ethical commitment and financial performance. Different measures of performance and, accordingly a large quantile of them, were used to detect the most relevant predictors. Accordingly, the combination of predictors of operational performance, applied governance, and risk can indicate the corporate ethical commitment and predict financial performance, even in times of crisis or ethical collapse.