Business ethics
3articles
November 2026
3 articles on this page
Corporate finance10 min readMicrofinance: small loans, big ethical questions
For finance people, investors and owners invited to fund or partner with a microcredit lender. The post reads Argandoña's working paper on the ethics of microfinance: group lending, rates often above 100% a year, and the Compartamos case. It adds a hypothetical effective-rate calculation.
Ethics & corporate governance10 min readA factory where institutions are weak: what do you owe beyond the law?
For an owner or operations director weighing a plant in a country where the labour law exists on paper but inspectors never arrive. The post reads the abstract of Hsieh (2009) and the opening chapter of Vogel (2005), then tests four guidelines on a hypothetical garment factory.
- Ethics & corporate governance10 min read
Shareholders or stakeholders: three answers for managers
For owners and managers facing a decision where saving money may be paid for in risk to workers or the public. Friedman, Freeman and Heath answer "who comes first" differently; at BP's Macondo well, in my reading, all three ask to prove in advance that the cheaper option is equally safe.