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Бизнес етика: морален риск и морален хазарт
Business Ethics: Moral Risk and Moral Hazard

Author(s): Valentina Dramalieva
Subject(s): Philosophy
Published by: Институт по философия и социология при БАН
Keywords: Uncertainty; risk; risk transformation; information asymmetry; opportunism; moral risk; moral hazard;

Summary/Abstract: The article reveals some aspects of the relations between economy and morality and especially – moral risk in the economy sphere. It starts from such important for the business concepts as „uncertainty“ and „risk“; presents the interaction of morality and risk; shows the businessman as a moral risk taker; differentiates and explains „moral risk“ and „moral hazard“; introduces two types of moral risks in business – one, coming from communication and other, coming from the free choice and decision making; accents on „moral hazard“ as a specific moral risk – its contradiction nature, the preconditions for it, the threat to the free market and to the society, the challenges in dealing with this problem.

  • Issue Year: XVII/2008
  • Issue No: 4
  • Page Range: 134-145
  • Page Count: 12
  • Language: Bulgarian