It Pays to Be Fair
Meir Statman published a perspectives piece in the May/June 2007 Financial Analyst’s Journal called Local Ethics in a Global World. In it he notes, among other things, the high correlation between Income per Capita and Freedom from Corruption by country. Less corrupt countries have higher per-capita income levels.
For more information, see all articles on: Corporate Governance, Ethics, Research See also:
The Intelligent Investor: The Classic Text on Value Investing
Financial Statement Analysis: A Practitioner's Guide, 3rd Edition
Managing Investment Portfolios: A Dynamic Process (CFA Institute Investment Series)
