Publication:
How has the ethical meltdown affected the financial performance of the US incorporated

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Authors
López-Muñiz, Nydia I.
Embargoed Until
Advisor
Córdova-Claudio, Mario
College
College of Business Administration
Department
Department of Business Administration
Degree Level
M.B.A.
Publisher
Date
2014
Abstract
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.

La crisis financiera de 2007-2010 se entiende tuvo su origen en 2001, coincidiendo con un colapso ético. La crisis ética tuvo secuelas hasta 2012 y afectó el desempeño financiero de los Bancos de Importancia Sistémica Mundial (G-SIBS). Explorar cómo la interacción de algunos predictores éticos puede influir en las medidas de rendimiento financiero ayudaría a enfatizar en la importancia del comportamiento ético. Para ello se utilizaron los datos de la Comisión de Seguridad de Intercambio de Valores. El análisis multivariado de regresión de Mínimos Cuadrados Parciales se utilizó para seleccionar los indicadores de compromiso ético corporativo y desempeño financiero. Para seleccionar los predictores más relevantes se utilizaron diferentes medidas de desempeño y una percentila alta de éstas. La combinación de predictores de desempeño operacional, gobernanza aplicada y riesgo pueden indicar el compromiso ético corporativo y predecir el desempeño financiero, incluso en épocas de crisis o colapso ético.
Keywords
Financial crisis,
Ethical behavior
Cite
López-Muñiz, N. I. (2014). How has the ethical meltdown affected the financial performance of the US incorporated [Thesis]. Retrieved from https://hdl.handle.net/20.500.11801/647