| Course Unit Code | 154-0569/01 |
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| Number of ECTS Credits Allocated | 3 ECTS credits |
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| Type of Course Unit * | Choice-compulsory |
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| Level of Course Unit * | Second Cycle |
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| Year of Study * | |
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| Semester when the Course Unit is delivered | Summer Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | English |
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| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
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| Name of Lecturer(s) | Personal ID | Name |
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| KOR21 | Ing. Kateřina Kořená, Ph.D. |
| NOV33 | Ing. Martina Novotná, Ph.D. |
| GUR022 | Ing. Petr Gurný, Ph.D. |
| NED0043 | Ing. David Neděla, Ph.D. |
| Summary |
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The aim of this course is to get students acquainted with the principals of the ethical behaviour in a business environment.
The students will be able to:
- understand basic ethical standards in entrepreneurship,
- recognize role of law and regulation in business and financial markets,
- define the work of financial institutions from the ethical point of view,
- grasp that business ethics is one of the most important aspects of long-term success.
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| Learning Outcomes of the Course Unit |
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| The course focuses on achieving basic knowledge of ethics in a business environment. The aim of this course is to get students acquainted with the principals of the ethical behaviour in corporate finance and financial markets and prepare them for the problems they will face in real professional life. |
| Course Contents |
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Contents:
1. Professionalism
- Ethics as a central issue in financial services
- Importance pf knowledge of the law , rules and regulation
- Role of regulation in corporate finance and financial markets
- Plagiarism policy
2. Integrity of Financial Markets
- Ethical use of information, information asymmetry
- Trading on insider information
- Investment banking and Chinese walls
- Market manipulation
3. Ethics and Business
- Concrete examples of unethical behaviour in corporations
- Investing in companies with good corporate governance practices
- Socially responsible investing
4. Duties to Clients and Employers
- Loyalty, prudence, and care
- Fair dealing and suitability
- Ethical reporting of financial performance
- Investment analysis, recommendations, and actions
- Conflicts of interest
- Communication with clients, priority of transactions and referral fees
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| Recommended or Required Reading |
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| Required Reading: |
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JENNINGS, Marianne. Ethics and financial markets: the role of the analyst. New York: Research Foundation of CFA Institute, 2013. ISBN 978-1-934667-61-3.
PECK, Sarah W. Investment ethics. Hoboken: John Wiley & Sons, 2011. ISBN 978-0-470-43453-6.
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JENNINGS, Marianne. Ethics and financial markets: the role of the analyst. New York: Research Foundation of CFA Institute, 2013. ISBN 978-1-934667-61-3.
PECK, Sarah W. Investment ethics. Hoboken: John Wiley & Sons, 2011. ISBN 978-0-470-43453-6.
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| Recommended Reading: |
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| BOATRIGHT, John R. Ethics in finance. Chichester: Wiley-Blackwell, 2014. ISBN 978-1-118-61582-9. |
| BOATRIGHT, John R. Ethics in finance. Chichester: Wiley-Blackwell, 2014. ISBN 978-1-118-61582-9. |
| Planned learning activities and teaching methods |
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| Lectures |
| Assesment methods and criteria |
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| Tasks are not Defined |