Business, Management and Accounting
4 years ago

Financial mismanagement in firms leads to unethical behavior and societal harm.

RePEc: Research Papers in Economics
Accounting, Management Control and the Financial Function in the Mission of the Firm
Josep M. Rosanas

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Accounting and finance are important tools for firms to make decisions and benefit stakeholders. However, when financial management becomes the main goal instead of a tool, unethical behavior can occur. This can happen when accounting and finance are seen as objectives to pursue, rather than tools to achieve higher goals for the firm. This can lead to behaviors that are not ethical. It is important to understand the proper role of accounting and finance in achieving the firm's mission to prevent unethical behavior.