Ethics and behavior on the Russian commodity exchange
Michael A. Kolosov, Deryl W. Martin, Jeffrey H. Peterson
Journal of Business Ethics · 1993 · Volume 12 · Issue 9
Abstract
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.
Keywords
Economic Growth, Unethical Behavior, Contract Term, Legal Structure, Commodity Trading
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