Ethics and behavior on the Russian commodity exchange

With tumultuous changes occurring in the former Soviet Union, a unique opportunity exists to examine the implications of unethical behavior in what is,de facto, a totally unregulated market. Recent legalization of commodity trading in Moscow carried with it no legal structure to ensure swift complia...

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Bibliographic Details
Published in:Journal of business ethics
Authors: Kolosov, Michael A. (Author) ; Martin, Deryl W. (Author) ; Peterson, Jeffrey H. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1993
In: Journal of business ethics
Further subjects:B Contract Term
B Unethical Behavior
B Legal Structure
B Commodity Trading
B Economic Growth
Online Access: Volltext (JSTOR)
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Description
Summary:With tumultuous changes occurring in the former Soviet Union, a unique opportunity exists to examine the implications of unethical behavior in what is,de facto, a totally unregulated market. Recent legalization of commodity trading in Moscow carried with it no legal structure to ensure swift compliance with contract terms. This paper demonstrates that in the absence of legal remedies, a free marketplace appropriately punishes unethical conduct.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00881387