A review of investment ethics with the approach of financial crises

 The purpose of this research is to create a model of ethical decision-making that applies to accountants and the accounting profession. In this research, an integrated pattern of five factors affecting ethical decision-making by accountants was identified, which include professional codes of conduct, philosophical orientation, religious orientation, values derived from culture, and moral maturity.

 The present study is a review study in which the articles indexed in scientific databases such as Academic Jihad Scientific Information Center, Marja Danesh, Noor specialized magazines database and financial analysis publication were made. Research texts from 1992 to the end of 2023 have been examined. In this study, the researchers searched and extracted the valid English articles from the valid electronic sources by using the determined keywords, and by examining the full texts of these articles, they described the obtained data in a classified manner.

 According to the findings of the research, most of the financial crises are caused by the non-observance of ethics in decision-making processes, and following ethical principles in decisions and professional behavior can prevent society from moving towards financial crises in the long term.

Originality / Value:

 Based on the findings of the research, it was finally determined that the ethical requirements in investment is one of the categories of the model of ethics in investing in the financial crisis. The organization and development of the capital market depends on the regulation of the structure of the financial market in accordance with the macroeconomic characteristics and the coordinates of the companies active in the country's economy.