Publication: Business culture and dishonesty in the banking industry
Business culture and dishonesty in the banking industry
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Cohn, A., Fehr, E., & Maréchal, M. A. (2014). Business culture and dishonesty in the banking industry. Nature, 561, 86–89. https://doi.org/10.1038/nature13977
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Trust in others’ honesty is a key component of the long-term performance of firms, industries, and even whole countries1, 2, 3, 4. However, in recent years, numerous scandals involving fraud have undermined confidence in the financial industry5, 6, 7. Contemporary commentators have attributed these scandals to the financial sector’s business culture8, 9, 10, but no scientific evidence supports this claim. Here we show that employees of a large, international bank behave, on average, honestly in a control condition. However, when their
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- Cohn, Alain
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Cohn, A., Fehr, E., & Maréchal, M. A. (2014). Business culture and dishonesty in the banking industry. Nature, 561, 86–89. https://doi.org/10.1038/nature13977
